(a) A person applying for a license under this subchapter under this chapter shall do so in a form and in a medium prescribed by the Director. The application must state or contain:
(1) the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director;
(2) the location of the principal office of the applicant;
(3) complete addresses of other locations in this State where the applicant proposes to engage in currency exchange or check cashing, including all limited stations and mobile locations;
(4) a description of the source of money and credit to be used by the applicant to engage in check cashing and currency exchange; and
(5) other information the Director reasonably requires with respect to the applicant, but not more than the Director may require under subchapter 2.
(b) A nonrefundable application fee of $2,000 and a license fee of $2,000 must accompany an application for a license under this subchapter. The license fee must be refunded if the application is denied.