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2022 Maryland Statutes
Business Regulation
Title 7 - Collection Agencies
Subtitle 3 - Licenses
Section 7-302.2 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds
Universal Citation: MD. Business Regulation Code § 7-302.2 (2022)
(a) All revenue received for the licensing of persons under this title and any other fee or revenue received by the Board under this title shall be:
(1) credited to the Nondepository Special Fund established under § 11–610 of the Financial Institutions Article; and
(2) used in accordance with § 11–610(c) of the Financial Institutions Article.
(b) Notwithstanding subsection (a) of this section, the Board shall pay all fines and penalties collected by the Board under this title into the General Fund of the State.
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