1.  The Department may approve or reject the application. If the Department receives the statement required pursuant to NRS 487.003 and approves the application, it shall issue to the applicant:

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(a) A license containing the applicant’s name and address, the name under which the business is to be conducted, the business address, and a distinguishing number assigned to the applicant.

(b) A card which:

(1) Contains the information specified in paragraph (a);

‘ (2) Includes a picture of the licensee; and

(3) Clearly identifies the holder of the card as a licensed automobile wrecker.

2.  A licensee may obtain one or two cards for his or her business. The Department shall charge a fee of $50 for each card issued.

3.  A licensee shall post the license in a conspicuous place clearly visible to the general public at the business address set forth on the license.

4.  A license expires on April 30 of each year.

5.  Except as otherwise provided in subsection 6, a licensee may renew the license by submitting to the Department:

(a) A completed application for renewal upon a form supplied by the Department;

(b) The statement required pursuant to NRS 487.003; and

(c) The fee for renewal of a license provided in NRS 487.080.

6.  A license that expires for failure to renew before April 30 may be reinstated upon submission to the Department of:

(a) The application for renewal and statement specified in paragraphs (a) and (b) of subsection 5;

(b) The fee for renewal of a license provided in NRS 487.080; and

(c) A late fee of $25.

7.  Fees collected by the Department pursuant to this section must be deposited with the State Treasurer for credit to the Motor Vehicle Fund.