5 Del. C. § 2307: Issuance of license [For application of this section, see 85 Del. Laws, c. 338, § 3].

(a) Upon receipt of an application for an original license that contains all required items, the Commissioner shall promptly notify the applicant in writing of the date on which the application is deemed complete.

(b) A determination by the Commissioner that an application is complete and accepted for processing means only that the application appears to include all required items and addresses all required matters. The determination does not constitute an assessment of the substance of the application or the sufficiency of the information provided.

(c) Upon determining an application is complete, the Commissioner shall investigate the applicant’s financial condition and responsibility, financial and business experience, character, and general fitness. The Commissioner may conduct an on-site investigation of the applicant at the applicant’s expense. The Commissioner shall issue a license if all of the following conditions are satisfied:

(1) The applicant has complied with § 2306 of this title.

(2) The applicant’s financial condition and responsibility, financial and business experience, competence, character, and general fitness of the applicant; and the competence, experience, character, and general fitness of the key individuals and persons in control of the applicant indicate that it is in the interest of the public to permit the applicant to engage in money transmission.

(d) If an applicant is subject to a multistate licensing process, the Commissioner may accept the investigation results of a lead investigative state for the purpose of subsection (c) of this section if the lead investigative state has sufficient staffing, expertise, and minimum standards.

(e) If an application is denied, the Commissioner shall issue a formal written notice of denial within 30 days of the decision. The notice must include a written order setting forth the facts upon which the denial is based and advising the applicant of the right to request a hearing in accordance with Chapter 101 of Title 29.

(f) An initial license term begins on the date the application is approved and expires on December 31 of that year. If an initial license is issued between November 1 and December 31, the license shall remain valid until December 31 of the following year.

(g) Upon approval of an application and the applicant’s payment of an annual license fee of $230, plus $4.60 for each authorized delegate location in this State in excess of 1, the Commissioner shall issue a license to the applicant.