. . . "at the applicant or, if the applicant is an organization, that each of its officers, directors, partners or associates has not if the applicant has: (1) Committed any act which, if committed by a licensee, would be grounds for the suspension or revocation of a license under this act; (2) committed any act constituting dishonesty or fraud; (3) a bad moral character or a bad reputation for truth, ho" .