§ 12–126

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 12-126 (2026)

Title 12. Miscellaneous Institutions and Activities

Subtitle 1. Check Cashing Services

(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.