There is a newer version
of
this Section
2017 Maryland Code
Financial Institutions
Title 11 - Consumer Credit
Subtitle 5 - Maryland Mortgage Lender Law
§ 11-503.2. Credit of revenue from licensing and payment of fines and penalties into various funds
Universal Citation: MD Fin Inst Code § 11-503.2 (2017)
- (a) Into Nondepository Special Fund. -- All revenue received for the licensing of persons under this subtitle and any other fee, examination assessment, or revenue received by the Commissioner under this subtitle shall be:
- (1) Credited to the Nondepository Special Fund established under § 11-610 of this title; and
- (2) Used in accordance with § 11-610(c) of this title.
- (b) Into General Fund. -- 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.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
