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Statutes Text

Article - Financial Institutions


    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.

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