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§ 2-116. Temporary restraining orders, injunctions, and other remedies

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2018

West's Annotated Code of Maryland
Financial Institutions
Title 2. Commissioner and Boards
Subtitle 1. Commissioner of Financial Regulation (Refs & Annos)
Effective: October 1, 2018
MD Code, Financial Institutions, § 2-116
§ 2-116. Temporary restraining orders, injunctions, and other remedies
Currentness
Persons about to violate laws, regulations, rules, or orders
(a) When it appears to the Commissioner that a person is about to engage in an act or practice constituting a violation of a law, regulation, rule, or order over which the Commissioner has jurisdiction, the Commissioner may bring an action in the circuit court of the county in which the person resides or transacts business to obtain one or more of the following remedies:
(1) A temporary restraining order; or
(2) A temporary or permanent injunction.
Persons who have violated laws, regulations, rules, or orders
(b) When it appears to the Commissioner that a person has engaged in an act or practice constituting a violation of a law, regulation, rule, or order over which the Commissioner has jurisdiction, the Commissioner may bring an action in the circuit court of the county in which the person resides or transacts business to obtain one or more of the following remedies:
(1) A temporary restraining order;
(2) A temporary or permanent injunction;
(3) A civil penalty not exceeding:
(i) $10,000 for a first violation; and
(ii) $25,000 for each subsequent violation;
(4) A declaratory judgment;
(5) An order preventing access to the violator's assets;
(6) Rescission;
(7) Restitution; and
(8) Any other relief as the court deems just.
Posting of bond
(c) The Commissioner may not be required to post a bond in an action under this section.

Credits

Added by Acts 2000, c. 633, § 1, eff. June 1, 2000. Amended by Acts 2011, c. 127, § 1, eff. April 12, 2011; Acts 2018, c. 731, § 1, eff. Oct. 1, 2018; Acts 2018, c. 732, § 3, eff. Oct. 1, 2018.
MD Code, Financial Institutions, § 2-116, MD FIN INST § 2-116
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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