§ 12-126
106 words·~1 min read·
/md/financial-institutions/12-126·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–126.
(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.