§ 12–106
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-106 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services
§ 12–106LinkCopy Citation
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.