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§ 12-1007. Credit and use of revenue received

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2016

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 10. Maryland Debt Settlement Services Act (Refs & Annos)
Effective: July 1, 2016
MD Code, Financial Institutions, § 12-1007
§ 12-1007. Credit and use of revenue received
In general
(a) All revenue received for the registration of persons under this subtitle and, except as provided in subsection (b) of this section, any other fee, examination assessment, or revenue received by the Commissioner under this subtitle shall be:
(1) Credited to the Nondepository Special Fund established under § 11-610 of this article; and
(2) Used in accordance with § 11-610(c) of this article.
Payment of fines and penalties collected into General Fund
(b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle into the General Fund of the State.


Added by Acts 2011, c. 280, § 1, eff. Oct. 1, 2011; Acts 2011, c. 281, § 1, eff. Oct. 1, 2011. Amended by Acts 2016, c. 392, § 1, eff. July 1, 2016; Acts 2016, c. 393, § 1, eff. July 1, 2016.
MD Code, Financial Institutions, § 12-1007, MD FIN INST § 12-1007
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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