§ 5-808.1. Civil penalties assessed by Commissioner
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2009
Effective: July 1, 2009
MD Code, Financial Institutions, § 5-808.1
§ 5-808.1. Civil penalties assessed by Commissioner
(a) After notice and a hearing, the Commissioner may assess a civil penalty against a banking institution that the Commissioner determines has:
(b) The civil penalty may not exceed:
(c)(1) A civil penalty shall be assessed by written notice of assessment served on the person to be assessed.
(d) In determining the amount of the civil penalty to be assessed, the Commissioner shall consider:
(e)(1) A civil penalty assessed under this section shall be due and payable within 30 days after the Commissioner issues the notice of assessment.
Credits
Added by Acts 2009, c. 741, § 1, eff. July 1, 2009.
MD Code, Financial Institutions, § 5-808.1, MD FIN INST § 5-808.1
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.
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