To qualify for a license, an applicant shall satisfy the Commissioner that the applicant: Is of good moral character and has sufficient financial responsibility, business experience, and general fitness to: Engage in the business of money transmission; Warrant the belief that the business of money transmission will be conducted lawfully, honestly, fairly, and efficiently; and Command the confidence of the public; Will keep at all times the permissible investments required under § 12–418 of this subtitle; Has a tangible net worth computed according to generally accepted accounting principles of at least $150,000, plus an additional net worth of $10,000 for each licensed location or authorized delegate, up to a maximum of $500,000 as provided in subsection (b) of this section; and Has at least 3 years of experience in the business of money transmission or other related financial services business under the following conditions: If the applicant is a sole proprietor, the applicant shall have the required experience; If the applicant is a joint venture or partnership, at least one of the coventurers or general partners shall have the required experience; and If the applicant is any other type of business, at least one of the principal officers or members shall have the required experience. The Commissioner may require a net worth of up to $500,000, subject to consideration of the following: The nature and volume of the business or proposed business of the applicant; The amount, nature, quality, and liquidity of the assets of the applicant; The amount and nature of the liabilities, including contingent liabilities, of the applicant; The history of, and prospects for, the applicant to earn and retain income; The quality of the operations of the applicant; The quality of the management of the applicant; The nature and quality of the person that has control of the applicant; and Any other factor the Commissioner deems relevant.