§ 12-126

Maryland § 12-126

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 12

Text

(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.