Md. Code, Financial Institutions § 12-126

§12–126.

Last amended: 2018Year: 2026Length: 105 wordsSubsections: 2Official source
(a) The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding: (1) $10,000 for a first offense; and (2) $25,000 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.
Md. Code, Financial Institutions § 12-126: §12–126. | Justis AI