Md. Code, Financial Institutions § 12-106
This is the official text of Md. Code, Financial Institutions § 12-106, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–106.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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