Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 12. MISCELLANEOUS INSTITUTIONS AND ACTIVITIES |
SUBTITLE 1. CHECK CASHING SERVICES |
§ 12-106. Licensing -- Qualifications
Latest version.
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To qualify for a license, an applicant shall satisfy the Commissioner that:
(1) The applicant's business will promote the convenience and advantage of the community in which the applicant's place of business, or mobile unit, will be located; and
(2) The applicant or, if the applicant is not an individual, each of the owners, officers, directors, or principals of the entity:
(i) Has sufficient experience, character, financial responsibility, and general fitness to:
1. Command the confidence of the public; and
2. Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently; and
(ii) Has not committed any act that would be a ground for suspension or revocation of a license under this subtitle.