Md. Code, Financial Institutions § 12-126
This is the official text of Md. Code, Financial Institutions § 12-126, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–126.
Official statutory text
(a) The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding:
(1) $10,000 for a first offense; and
(2) $25,000 for each subsequent offense.
(b) In determining the amount of civil penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following:
(1) The seriousness of the violation;
(2) The good faith of the violator;
(3) The violator’s history of previous violations;
(4) The deleterious effect of the violation on the public;
(5) The assets of the violator; and
(6) Any other factor relevant to the determination of the civil penalty.
(1) $10,000 for a first offense; and
(2) $25,000 for each subsequent offense.
(b) In determining the amount of civil penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following:
(1) The seriousness of the violation;
(2) The good faith of the violator;
(3) The violator’s history of previous violations;
(4) The deleterious effect of the violation on the public;
(5) The assets of the violator; and
(6) Any other factor relevant to the determination of the civil penalty.
Status: in_force · Read it on the official government site
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