State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-126

§ 12-126. Civil penalties.
 

(a)  Amount.- The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding: 

(1) $1,000 for a first offense; and 

(2) $5,000 for each subsequent offense. 

(b)  Factors.- 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. 
 

[2000, ch. 614, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-126

§ 12-126. Civil penalties.
 

(a)  Amount.- The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding: 

(1) $1,000 for a first offense; and 

(2) $5,000 for each subsequent offense. 

(b)  Factors.- 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. 
 

[2000, ch. 614, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-12 > Subtitle-1 > 12-126

§ 12-126. Civil penalties.
 

(a)  Amount.- The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding: 

(1) $1,000 for a first offense; and 

(2) $5,000 for each subsequent offense. 

(b)  Factors.- 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. 
 

[2000, ch. 614, § 2.]