Md. Code, Financial Institutions § 12-126
Md. Code, Financial Institutions § 12-126
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=12-126&enactments=falseFetched: 10/17/2026