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§ 12-106. License qualifications

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-106
§ 12-106. License qualifications
Currentness
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.

Credits

Added by Acts 2000, c. 614, § 2, eff. Oct. 1, 2000. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-106, MD FIN INST § 12-106
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document