(a) The department shall deny an application for the issuance or renewal of a dealer general distinguishing number or a wholesale motor vehicle auction general distinguishing number if the department is satisfied from the application or from other information before it that:
(1) information in the application is not true; or
(2) the applicant is guilty of conduct that would result in the cancellation of the general distinguishing number under Section 503.038.
(b) The department may not issue a dealer general distinguishing number until the applicant complies with the requirements of this chapter.
(c) Repealed by Acts 2001, 77th Leg., ch. 76, Sec. 8, eff. May 14, 2001.