The superintendent of financial institutions shall consult with all applicable agencies before admitting a person into the regulatory sandbox. This consultation may include seeking information about any of the following:
(A) Whether the applicable agency previously has either:
(1) Issued a license or other authorization to the applicant;
(2) Investigated, sanctioned, or pursued legal action against the applicant.
(B) Whether the applicant could obtain a license or other authorization from an applicable agency after exiting the regulatory sandbox.