Within a reasonable time after an application for a license is filed, the Commissioner shall issue a license to the applicant unless: the applicant has not met all of the requirements of this title; in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity. If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle. If an application for a license filed under this subtitle is disapproved, the Commissioner shall: retain $50 of the application fee paid by the applicant; and return the balance of the application fee to the applicant.