(a) The licenses issued pursuant to this chapter shall specify the location of each place of business or branch or other location occupied or to be occupied by the licensee in conducting his or her business; and the license or supplemental license issued therefor shall be conspicuously displayed on each of such premises.

(b) If such location, as provided in subsection (a) of this Code section, of a licensee is changed, the licensee shall, at least 30 days prior to relocating to a new location, submit a change of location application, together with any additional fees as established by the board, to the division director. Such application shall be submitted in a form and manner as prescribed by the division director and shall include the licensee’s license number and photographs of the new location in accordance with subsection (b) of Code Section 43-47-8. If the division director determines that the new location meets the requirements of this chapter and of the rules and regulations of the board, the division director shall approve the application and issue a new license that specifies the new location.