§ 12-106. Licensing -- Qualifications

MD Fin Inst Code § 12-106 (2019) (N/A)
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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.