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§ 12-104.1. Revenue collected under subtitle

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-104.1
§ 12-104.1. Revenue collected under subtitle
Currentness
In general
(a) All revenue received for the licensing and assessment of persons under this subtitle and any other fee or revenue received by the Commissioner under this subtitle shall be:
(1) Credited to the Non-Depository Special Fund established under § 2-120 of this article; and
(2) Used in accordance with § 2-120(d) of this article.
Fines and penalties
(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.
Assessments
(c) Subject to § 2-120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.

Credits

Added by Acts 2018, c. 479, § 1, eff. June 1, 2018. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-104.1, MD FIN INST § 12-104.1
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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