(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 § 503.038.
(b) The department may not issue a dealer general distinguishing number until the applicant complies with the requirements of this chapter.

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