§ 5–808.2
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-808.2 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 8. Prohibited Activities; Penalties
§ 5–808.2LinkCopy Citation
(a)
In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a banking institution.
(b)
In extraordinary circumstances and with the consent of the banking institution, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.