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§ 11-203.3. Allocation of fees, revenue, fines, and penalties collected under subtitle

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

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 2. Consumer Loans--Licensing Provisions (Refs & Annos)
Effective: June 1, 2018
MD Code, Financial Institutions, § 11-203.3
§ 11-203.3. Allocation of fees, revenue, fines, and penalties collected under subtitle
Currentness
Fees and revenue
(a) All revenue received for the licensing of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:
(1) Credited to the Nondepository Special Fund established under § 11-610 of this title; and
(2) Used in accordance with § 11-610(c) of this title.
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 and Subtitle 3 of this title into the General Fund of the State.

Credits

Added by Acts 2018, c. 479, § 1, eff. June 1, 2018.
MD Code, Financial Institutions, § 11-203.3, MD FIN INST § 11-203.3
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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