(a) Except as otherwise provided in subsection (b) of this section, the Attorney General shall register a person in compliance with § 2404C of this title.
(b) The Attorney General may deny registration if:
(1) The application contains information that is materially erroneous or incomplete;
(2) An officer, director, member or owner of the applicant has been convicted of a crime, or suffered a civil judgment, involving dishonesty;
(3) The Attorney General finds that the financial responsibility, experience, character, or general fitness of the applicant or its owners, members, directors, employees, or agents does not warrant belief that the business will be operated in compliance with this chapter.
(c) Registration shall be renewed annually by using an approved form and submitting a renewal fee in the amount of $500.