Maryland Financial Institutions 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.