Section 5.1. License Renewal.--(a) An application for license renewal shall be published thirty (30) days before renewal in a newspaper of general circulation in the municipality where the license is to be renewed.
(b) The Secretary of Banking shall not issue a license or a license renewal for a period of at least five (5) years to any applicant who has been determined to be operating as a pawnbroker without a license.
(5.1 added Dec. 28, 1994, P.L.1402, No.163)