Md. Code Ann., Fin. Inst. § 12-126
Civil penalties for violation of subtitle
Effective Oct 1, 2018Added by Acts 2000, c. 614, § 2, eff. Oct. 1, 2000. Amended by Acts 2018, c. 731, § 1, eff. Oct. 1, 2018; Acts 2018, c. 732, § 3, eff. Oct. 1, 2018.State of Maryland
(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.
Added by Acts 2000, c. 614, § 2, eff. Oct. 1, 2000. Amended by Acts 2018, c. 731, § 1, eff. Oct. 1, 2018; Acts 2018, c. 732, § 3, eff. Oct. 1, 2018.