§ 12-106
117 words·~1 min read·
/md/financial-institutions/12-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–106.
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 communities where the applicant will operate a licensed location offering check cashing services; 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.