§ 11-205
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/md/financial-institutions/11-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–205.
To qualify for a license, an applicant shall satisfy the Commissioner that:
(1)The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license;
(2)The business will promote the convenience and advantage of the community in which the place of business will be located; and
(3)The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to:
(i)Command the confidence of the public; and
(ii)Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.