§ 1–505
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 1-505 (2026)
Title 1. Definitions; General Provisions
Subtitle 5. Currency Transactions in a Trade or Business
§ 1–505LinkCopy Citation
(a)
(1)
The Secretary may assess a civil penalty against a person engaged in a trade or business for each knowing and willful violation of this subtitle.
(2)
The civil penalty may not exceed $50 for each day the violation continues.
(3)
For purposes of this section, a separate violation occurs at each office, branch, or place of business where a violation occurs or continues.
(4)
The total civil penalty may not exceed $1,000.
(b)
In the event of the failure of a person to pay a penalty assessed under this section, a civil action for recovery of the penalty may be brought by the State against the person.