For an alarm company license application, fingerprint cards are required for anyone owning what percentage or more of the company?

For an alarm company license application in Utah, fingerprint cards are required for anyone owning 5 percent or more of the company. This threshold is significant because it helps ensure that individuals who have a substantial ownership stake in alarm businesses undergo background checks. The rationale behind this requirement is to maintain a level of security and trust within the alarm industry, as owners are often involved in operations and decision-making processes that affect public safety. Ensuring that individuals with significant ownership are vetted helps to uphold the integrity of the industry and protects consumers.

The other percentages mentioned do not meet the threshold set by the licensing requirements, which is specifically aimed at owners with a notable influence in company operations. Hence, if someone owns less than 5 percent, they would not necessitate the same level of scrutiny, focusing the regulatory effort on those who have a larger stake in the business's success and integrity.