Title 12. Secondhand Precious Metal Object Dealers and Pawnbrokers — Subtitle 5. Prohibited Acts; Penalties
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 12-501 (2026)
Title 12. Secondhand Precious Metal Object Dealers and Pawnbrokers
Subtitle 5. Prohibited Acts; Penalties
§ 12–501LinkCopy Citation
Except as otherwise provided in this title, a person may not do business as a dealer in the State unless the person has a license.
Md. Code Ann., Bus. Reg. § 12-502 (2026)
Title 12. Secondhand Precious Metal Object Dealers and Pawnbrokers
Subtitle 5. Prohibited Acts; Penalties
§ 12–502LinkCopy Citation
(a)
(1)
A person who willfully or knowingly violates this title is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $10,000 or imprisonment not exceeding 2 years or both.
(2)
Each associate, employee, manager, or partner who participates in or consents to a violation of this title is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $5,000 or imprisonment not exceeding 1 year or both.
(3)
Each violation of this title is a separate offense.
(b)
(1)
The Secretary may impose on a person who violates any provision of this title a penalty not exceeding $5,000 for each violation.
(2)
In setting the amount of the penalty, the Secretary shall consider:
(i)
the seriousness of the violation;
(ii)
the harm caused by the violation;
(iii)
the good faith of the violator;
(iv)
any history of previous violations by the violator; and
(v)
any other relevant factors.
(3)
The Secretary shall pay any penalty collected under this subsection into the General Fund of the State.