5.__Investigations.__Prior to issuing a license, the administrator may make such investigations as the administrator determines necessary to verify that the applicant for a license has complied with the applicable provisions of this chapter.

6.__Display of licenses.__A license must be prominently displayed in each business location of the lender.

7.__Additional offices or relocations.__A lender may not open an additional office or relocate any office without prior approval of the administrator.__An application for approval must be made in writing in the form and manner approved by the administrator and must include a fee of $150.__The administrator shall approve the additional office or relocation unless the administrator finds that the lender does not have the required assets or has not conducted business in accordance with this chapter.__Unless the administrator mails a notice denying approval within 30 days of receiving the request, the application is approved.__The lender shall give written notice to the administrator within 10 days of commencing business at the additional or relocated office.

8.__Notification of closing.__A lender shall notify the administrator in writing within 10 days of the closing of any business office and provide any other information related to the closing required by the administrator.

§6188.__Surety bond

Each license application must be accompanied by evidence of a surety bond in the aggregate amount of $10,000 per business office, not to exceed a total of $50,000, to run to the administrator for use by the administrator and any person or persons who may have a cause of action against a lender.__The terms of the bond must run concurrently with the period of time during which the license is in effect.__The bond must be conditioned on the applicant or lender performing all written agreements with consumers, accurately accounting for all funds received and operating the business in accordance with this chapter and other applicable laws.