Md. Code Ann., Fin. Inst. § 12-106
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2024
As of January 1, 2019
To qualify for a license, an applicant shall satisfy the Commissioner that:
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
(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.
(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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.