1. (a) Subject to the hearing provisions of §§ 11-309 and 11-310 of this subtitle, the Commission may deny a license to an applicant or discipline a licensee in accordance with this section.
2. (b) The Commission may deny a license to any applicant for any reason that the Commission considers sufficient.

3. (c)

   1. (1) The Commission may reprimand any licensee or suspend or revoke a license if the licensee violates:

      1. (i) this title;
      2. (ii) a regulation adopted under this title; or
      3. (iii) a condition set by the Commission.

   2. (2) The Commission shall suspend or revoke a license if the applicant or licensee fails to:

      1. (i) keep records and make reports of ownership of stock that are required under § 11-314 of this subtitle; or
      2. (ii) make a reasonable effort to get affidavits required under § 11-314(b) and (c) of this subtitle.

4. (d)

   1. (1) The Commission may impose a penalty not exceeding $5,000 for each racing day that the licensee is in violation of subsection (c) of this section:

      1. (i) instead of suspending or revoking a license under subsection (c)(1) of this section; and
      2. (ii) in addition to suspending or revoking a license under subsection (c)(2) of this section.

   2. (2) To determine the amount of the penalty imposed under paragraph (1) of this subsection, the Commission shall consider:

      1. (i) the seriousness of the violation;
      2. (ii) the harm caused by the violation; and
      3. (iii) the good faith or lack of good faith of the licensee.
   3. (3) A penalty imposed on a licensee shall be paid from the licensee's share of the takeout.

Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 504.

Formerly Art. 78B, §§ 7, 10, 13.