Maryland Statutes
Subtitle 2 - Consumer Loans -- Licensing Provisions
Section 11-205 - Qualifications of Applicant for License

To qualify for a license, an applicant shall satisfy the Commissioner that:
        (1)    The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license;
        (2)    The business will promote the convenience and advantage of the community in which the place of business will be located; and
        (3)    The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to:
            (i)    Command the confidence of the public; and
            (ii)    Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.

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