301.114. 1. No person shall carry on or conduct abusiness, the purpose of which is to act as an agent for a feein obtaining a certificate of ownership of a motor vehicle,unless licensed to do so by the department of revenue.
2. Application for license shall be submitted by July firstof each year and shall be made on the form the departmentprescribes, containing the name of the applicant, the addresswhere business is to be conducted, the resident's address, ifthe applicant is an individual, the names and residents'addresses of the partners of the applicant, if a partnership,the names and residents' addresses of the principal officers ofthe applicant and the state of its incorporation, if acorporation. The application shall be verified by the oath oraffirmation of the applicant, or if the applicant is apartnership or a corporation, by a partner or officer of theapplicant and shall be accompanied by a fee of fifty dollars.
3. The department shall file each application received byit with the required fee, and when satisfied that the applicant,if an individual, or each of the partners or principal officersof the applicant, if a partnership or a corporation, is of goodmoral character and that the applicant, so far as can beascertained, has complied and will comply with the laws of thisstate relating to certificates of title of vehicles, shall issueto the applicant a license to carry on and conduct business atthe address specified in the application until July first nextfollowing the date on which the license is issued.
(L. 1984 S.B. 416 ยงยง 2, 3)