# Business Regulation (GBR)

## Title 1. Definitions; General Provisions

### Subtitle 5. Currency Transactions in a Trade or Business

#### Section 1-505

(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.

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Md. Code Ann., Bus. Reg. (as displayed at mgaleg.maryland.gov, October 16, 2026)