; and (ii) during the entire period of firearm ownership; (B) any person who sells ammunition or sells, rents, or leases a minimum number of firearms in a calendar year, as determined by the State, shall obtain a firearms dealer license; (C) the chief of police or the board or officer having control of the police department of a local government, or a designee, functions as the licensing authority; (D) for a firearms license, the licensing authority shall— (i) conduct a thorough background check, which may include— (I) conducting an interview with the applicant; and (II) requiring the submission of letters of reference stating that the applicant is of sound mind and character; and (ii) make a determination of suitability; (E) a first-time firearms license applicant shall complete safety training; (F) the licensing authority, not later than 40 days after the date on which the application is submitted, shall— (i) deny the application and notify the applicant of the reason for such denial in writing; or (ii) approve the application and issue the license if the possession of a firearm by the applicant would not be in violation of Federal, State, or local law; (G) the licensing authority may revoke, suspend, or deny the issuance or renewal of a firearms license if— (i) in a reasonable exercise of discretion, the licensing authority determines that the applicant or licensee is unsuitable to be issued or to continue to hold a license; and (ii) the determination of suitability described in clause (i) is based on evidence that there exists— (I) reliable and credible information that the applicant has exhibited or engaged in behavior to suggest that the individual could potentially create a risk to public safety; or (II) factors that suggest that, if issued a license, the individual could potentially create a risk to public safety