Before granting an originator license to a person, the department shall determine that the applicant has


(1) complied with the requirements of this chapter and paid all fees for obtaining the originator license;


(2) not been enjoined by a court of competent jurisdiction from engaging in an aspect of the business of providing financial services to the public; and


(3) not, within the previous seven years,


(A) been prohibited by a federal or state regulatory agency from engaging in, participating in, or controlling a finance-related activity that involves providing financial services to the public;


(B) been convicted, including a conviction based on a plea of guilty, no contest, or nolo contendere, of a felony or a misdemeanor involving fraud, misrepresentation, or dishonesty;


(C) committed an act, made an omission, or engaged in a practice that constitutes a breach of a fiduciary duty;


(D) made a material false statement in an application submitted under this chapter; or


(E) violated a provision of this chapter, a regulation adopted under this chapter, or an order of the department under this chapter.