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§ 12-126. Civil penalties for violation of subtitle

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

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services (Refs & Annos)
Effective: October 1, 2018
MD Code, Financial Institutions, § 12-126
§ 12-126. Civil penalties for violation of subtitle
Currentness
In general
(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.
Amount of penalty
(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.

Credits

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.
MD Code, Financial Institutions, § 12-126, MD FIN INST § 12-126
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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