Home Table of Contents

§ 1-505. Violation of subtitle, civil penalties

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 5. Currency Transactions in a Trade or Business (Refs & Annos)
MD Code, Business Regulation, § 1-505
§ 1-505. Violation of subtitle, civil penalties
(a)(1) The Secretary may assess a civil penalty against a person engaged in a trade or business for each knowing and willful violation of this subtitle.
(2) The civil penalty may not exceed $50 for each day the violation continues.
(3) For purposes of this section, a separate violation occurs at each office, branch, or place of business where a violation occurs or continues.
(4) The total civil penalty may not exceed $1,000.
(b) In the event of the failure of a person to pay a penalty assessed under this section, a civil action for recovery of the penalty may be brought by the State against the person.


Added by cts 1990, c. 411; renumbered from Corporations and Associations, § 1-505 by Acts 1994, c. 3, § 14, eff. Feb. 28, 1994.
MD Code, Business Regulation, § 1-505, MD BUS REG § 1-505
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