1.  Upon receipt of an application for a license, accompanied by the license fee and a surety bond, other acceptable security, a copy of the bond required by the United States, or a deposit receipt, as provided in NRS 576.040, and the statement required pursuant to NRS 576.032, the Department shall examine the application, bond and other papers and, subject to the provisions of NRS 576.032 and 576.120, upon the completion of its investigation, the Department shall grant the license as applied for.

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2.  The Department shall complete its investigation and issue or deny the license within 30 days after receipt of the application, bond and other papers.