There is a newer version of the Maryland Code
Maryland Financial Institutions Section 6-904
§ 6-904.
  (a)   An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
  (b)   If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
    (1)   Any borrower; or
    (2)   Any officer or official who knowingly permitted or participated in making the loan.
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