State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-106

§ 12-106. Same - Qualifications.
 

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. 
 

[2000, ch. 614, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-106

§ 12-106. Same - Qualifications.
 

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. 
 

[2000, ch. 614, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-106

§ 12-106. Same - Qualifications.
 

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. 
 

[2000, ch. 614, § 2.]