Maryland Financial Institutions Section 12-126

Article - Financial Institutions

§ 12-126.

      (a)      The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding:

            (1)      $1,000 for a first offense; and

            (2)      $5,000 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.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.