Md. Code, Financial Institutions § 6-904
Md. Code, Financial Institutions § 6-904
in effect(a) An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
(b) If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
(1) Any borrower; or
(2) Any officer or official who knowingly permitted or participated in making the loan.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=6-904&enactments=falseFetched: 10/17/2026