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§ 5-208. Civil penalty for violations

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2008

West's Annotated Code of Maryland
Financial Institutions
Title 5. Banking Institutions--General Provisions
Subtitle 2. Examinations and Reports (Refs & Annos)
Effective: October 1, 2008
MD Code, Financial Institutions, § 5-208
§ 5-208. Civil penalty for violations
Currentness
In general
(a) If a banking institution or an other-state bank fails to make any report or submit proof of publication as required by this article, the banking institution or other-state bank is subject, in the discretion of the Commissioner, to a civil penalty not exceeding $500 for each day that the report or proof is overdue.
Enforcement
(b) The Commissioner may institute proceedings to enforce this section.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1995, c. 213, § 2, eff. Sept. 29, 1995; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 2008, c. 89, § 1, eff. Oct. 1, 2008.
Formerly Art. 11, § 74.
MD Code, Financial Institutions, § 5-208, MD FIN INST § 5-208
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