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<section article="gfi" article_name="Financial Institutions" number="12-928" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="9" subtitle_name="Maryland Debt Management Services Act">
  <level label="a">
    <level label="1">
      <text>The Commissioner may enforce the provisions of this subtitle and regulations adopted under this subtitle by:</text>
      <level label="i">
        <text>Issuing an order requiring the violator:</text>
        <level label="1">
          <text>To cease and desist from the violation and any further similar violations; and</text>
        </level>
        <level label="2">
          <text>To take affirmative action to correct the violation, including the restitution of money or property to any person aggrieved by the violation; and</text>
        </level>
      </level>
      <level label="ii">
        <text>Imposing a civil penalty not exceeding $10,000 for each violation.</text>
      </level>
    </level>
    <level label="2">
      <text>An order issued under this subsection may apply to a licensee’s agent that violates any provision of this subtitle or the regulations adopted under this subtitle.</text>
    </level>
    <level label="3">
      <text>If a violator fails to comply with an order issued under paragraph (1)(i) of this subsection, the Commissioner may impose a civil penalty not exceeding $25,000 for each violation from which the violator failed to cease and desist or for which the violator failed to take corrective affirmative action.</text>
    </level>
  </level>
  <level label="b">
    <text>The Commissioner may file a petition in the circuit court for any county seeking enforcement of an order issued under this section.</text>
  </level>
  <level label="c">
    <text>In determining the amount of financial penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following:</text>
    <level label="1">
      <text>The seriousness of the violation;</text>
    </level>
    <level label="2">
      <text>The good faith of the violator;</text>
    </level>
    <level label="3">
      <text>The violator’s history of previous violations;</text>
    </level>
    <level label="4">
      <text>The deleterious effect of the violation on the public;</text>
    </level>
    <level label="5">
      <text>The assets of the violator; and</text>
    </level>
    <level label="6">
      <text>Any other factors relevant to the determination of the financial penalty.</text>
    </level>
  </level>
</section>
