§ 12-928. Cease and desist orders
West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2018
Effective: October 1, 2018
MD Code, Financial Institutions, § 12-928
§ 12-928. Cease and desist orders
(a)(1) The Commissioner may enforce the provisions of this subtitle and regulations adopted under this subtitle by:
(3) If a violator fails to comply with an order issued under paragraph (1)(i) of this subsection, the Commissioner may impose a civil penalty not exceeding $25,000 for each violation from which the violator failed to cease and desist or for which the violator failed to take corrective affirmative action.
(b) The Commissioner may file a petition in the circuit court for any county seeking enforcement of an order issued under this section.
(c) In determining the amount of financial penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following:
Credits
Added by Acts 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2018, c. 731, § 1, eff. Oct. 1, 2018; Acts 2018, c. 732, § 3, eff. Oct. 1, 2018.
MD Code, Financial Institutions, § 12-928, MD FIN INST § 12-928
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |