(a) On receipt of an application, the Executive Director shall order an investigation of: (1) the applicant; (2) the business to be operated; and (3) the statements presented in the permit application. (b) On completion of the investigation, the Executive Director shall deny the permit application if in the judgment of the Executive Director: (1) the applicant: (i) is not fit to receive the permit; (ii) made a material false statement in the application; or (iii) committed fraud in connection with the application; or (2) there are other reasons that the permit should not be issued. (c) If the Executive Director does not find cause to deny the permit, the Executive Director shall approve the application and issue the permit.