{"data":{"id":"us-md/md.-code-financial-institutions-11-205","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–205","heading":"","body":"To qualify for a license, an applicant shall satisfy the Commissioner that:\n(1) The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license;\n(2) The business will promote the convenience and advantage of the community in which the place of business will be located; and\n(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:\n(i) Command the confidence of the public; and\n(ii) Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-205","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"4cafe3d737e870dfd0bd049ab3a70a13e389a657304bc27a22f4a2bcd77170c7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-204","next":"us-md/md.-code-financial-institutions-11-206"},"notice":"GroundRules: Original legal text. Not legal advice."}