Md. Code, Fin. Inst. § 12-126

Current with changes from the 2024 Legislative Session
Section 12-126 - Civil penalties
(a) The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding:
(1) $10,000 for a first offense; and
(2) $25,000 for each subsequent offense.
(b) In determining the amount of civil penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following:
(1) The seriousness of the violation;
(2) The good faith of the violator;
(3) The violator's history of previous violations;
(4) The deleterious effect of the violation on the public;
(5) The assets of the violator; and
(6) Any other factor relevant to the determination of the civil penalty.

Md. Code, FI § 12-126

Amended by 2018 Md. Laws, Ch. 732,Sec. 3, eff. 10/1/2018.
Amended by 2018 Md. Laws, Ch. 731,Sec. 1, eff. 10/1/2018.