(a) It is unlawful for any person to act as a rental company without being licensed as such.

(b) On or before January 1 of each year, an applicant for a rental company license shall file with the Commissioner an application prepared and furnished by the Commissioner. The application shall not be under oath but shall contain a declaration that it is made under the penalties of perjury.

(c) Upon receipt of an application in proper form and the other conditions and requirements of this chapter having been complied with the Commissioner may issue a license to an applicant which will remain in effect for one year or until such time as surrendered or revoked. (Added 1983, No. 251 (Adj. Sess.), § 17, eff. Jan. 1, 1985.)