A dealer shall have a valid dealer’s license conspicuously displayed at each place of business. The license shall identify the dealer and the location of the place of business. A dealer’s license is not transferable to a new place of business or another person. Change of Business Location. Before changing the physical location of a place of business, a dealer shall provide written notice to the Firearms Registration Section and surrender the dealer’s license for that place of business. Unless cause exists to revoke the dealer’s license, the Secretary shall issue a new dealer’s license without charge to cover the new place of business for the remaining unexpired term of the surrendered license. The dealer’s license for the new place of business may be renewed under Regulation .49 of this chapter.