The Director, upon receipt of a completed application accompanied by the proper fee and delivery by the applicant of the bond required under Section 5-206 of this Division, shall issue a license to the applicant, unless the Director finds after reasonable investigation, that the applicant is not in compliance with the provisions of this Division or is not of good moral character. In determining good moral character, the reputation of the applicant, his original record, if any, and license history in this and/or other jurisdictions shall be considered by the Director. Emphasis in reaching a decision on moral character shall be given to any convictions for crimes of violence, sex offenses, violations of gaming, narcotics, alcoholic beverage laws, and fraud. No person shall be denied a license solely on the grounds of previous convictions or penal servitude, if, in fact, his record, conduct, and habits for a period of three (3) years after conviction or release, whichever is later, indicate that he is a proper person to be licensed under the standards of this Division. In determining qualifications for the issuance of a license, the Director shall consider past violations of this Division and other State and local laws by the business to be represented, including, but not limited to, compliance with cease and desist orders, orders for restitution, and other appropriate relief ordered against said business. Unless sooner suspended or revoked, a license issued under this Section shall expire one (1) calendar year from the date of issuance and may be renewed in accordance with the provisions of Section 5-207.03 of this Division. No license issued under this Division shall be transferred or assigned to any person other than the person to whom it was issued. If, during the period for which a license is issued, there is any change in the factual information furnished by the licensee to the Director under Section 5-203(b), (1) through (8) inclusive of this Division, such change shall be fully, truly, and promptly communicated by the licensee to the Director in writing, upon a form provided by the Director for that purpose.