Maryland Financial Institutions Section 6-904

Article - Financial Institutions

§ 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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