§ 12-120
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/md/financial-institutions/12-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–120.
(a)Except as provided in § 15-802(b) of the Commercial Law Article and subsection
(b)of this section, a licensee may not charge any other fee, including late fees or other service fees, for accepting or cashing a payment instrument in excess of the greater of:
(1)2% of the face amount of the payment instrument or $3, if the payment instrument is issued by the federal government or a state or local government;
(2)10% of the face amount of a payment instrument or $5, if the payment instrument is a personal check; or
(3)4% of the face amount of the payment instrument or $5, for any other payment instrument.
(b)A licensee may charge a customer a one-time membership fee not to exceed $5.