Home Table of Contents

§ 12-905. Debt Management Services Fund

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 9. Maryland Debt Management Services Act (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-905
§ 12-905. Debt Management Services Fund
Contents of Fund
(a) All revenue received for the licensing and assessment 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 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 paid 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.
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 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2005, c. 574, § 2, eff. Oct. 1, 2005; Acts 2008, c. 605, § 1, eff. June 1, 2008; Acts 2008, c. 606, § 1, eff. June 1, 2008; Acts 2011, c. 280, § 1, eff. Oct. 1, 2011; Acts 2011, c. 281, § 1, eff. Oct. 1, 2011; Acts 2016, c. 341, § 1, eff. July 1, 2016; Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-905, MD FIN INST § 12-905
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document