Md. Code, Financial Institutions § 12-1007
This is the official text of Md. Code, Financial Institutions § 12-1007, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–1007.
Official statutory text
(a) All revenue received for the registration 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.
(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.
(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.
(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.
Status: in_force · Read it on the official government site
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