(2) The Comptroller may not issue a transient vendor’s license unless the transient vendor has a sales and use tax license and any necessary trader’s license and has paid all State taxes.

(3) An application for a transient vendor’s license shall be in the form and contain the information that the Comptroller requires by regulation.

(4) A license required under this section shall be valid for not more than 90 days.

(5) The Comptroller may not renew a license required under this section unless the transient vendor has a sales and use tax license and any necessary trader’s license and has paid all State taxes.

(b) A transient vendor shall display the transient vendor’s license at each transient place of business.

(c) The transient vendor’s license shall be on the form specified by the Comptroller.