<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="12-702" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="7" subtitle_name="Supervision and Examination of Tax Exempt Financial Institutions">
  <text>To qualify for supervision and examination, the applicant shall satisfy the Commissioner that the applicant:</text>
  <level label="1">
    <text>Is trustworthy and reputable;</text>
  </level>
  <level label="2">
    <text>Has a good business reputation; and</text>
  </level>
  <level label="3">
    <text>Has sufficient business experience, moral character, financial responsibility, and genuine fitness to:</text>
    <level label="i">
      <text>Command the confidence of the public; and</text>
    </level>
    <level label="ii">
      <text>Warrant the belief that the business will be operated lawfully, honestly, fairly and efficiently.</text>
    </level>
  </level>
</section>
