# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 7. Supervision and Examination of Tax Exempt Financial Institutions

#### Section 12-702

To qualify for supervision and examination, the applicant shall satisfy the Commissioner that the applicant:

(1) Is trustworthy and reputable;

(2) Has a good business reputation; and

(3) Has sufficient business experience, moral character, financial responsibility, and genuine 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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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)