(a) Upon the receipt of an application for an initial license under the provisions of this chapter, the Commissioner shall submit copies of the application to the U.S. Virgin Islands Police Department (V.I.P.D.) for verification of the police record stated on the application, to the Virgin Islands Historic Preservation Commission, Department of Planning and Natural Resources for construction and site acceptability, to the Department of Health in the case of a business, occupation, trade or profession involving food operations, and to pay any other pertinent agency or instrumentality of the Government of the Virgin Islands or of the United States for the purpose of obtaining reasonable information or approval determined necessary by the Commissioner for action upon the application. In the case of Foreign Sales Corporations, a license to do business shall be granted within three (3) business days of the receipt of the application, provided that the license shall be subsequently revoked if, upon receipt of the information, the Commissioner determines that a license would not have been granted had the information been received prior to the granting of a license.
(b) The Commissioner may establish reasonable conditions and terms in any initial or renewed license reasonably related to the business, occupation, profession, or trade, the violation or breach of which may result in the revocation or suspension of the license according to the provisions of section 304 of this chapter.
(c) Subsection (a) of this section shall not apply to foreign sales corporations.
(d) A processing fee, in an amount established by the Commissioner, shall be payable to the Government of the Virgin Islands upon the submission of an application to the Department for an initial license or renewal.