§ 6–904
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-904 (2026)
Title 6. Credit Unions
Subtitle 9. Prohibited Activities; Penalties
§ 6–904LinkCopy Citation
(a)
An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
(b)
If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
(1)
Any borrower; or
(2)
Any officer or official who knowingly permitted or participated in making the loan.