# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 2. Consumer Loans -- Licensing Provisions

#### Section 11-205

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.

---

Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)