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Maryland Code, Financial Institutions § 11-503.2

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) All revenue received for the licensing and assessment of persons under this subtitle and any other fee, examination or investigation fee or assessment, or revenue received by the Commissioner under this subtitle shall be:

(1) Credited to the Non-Depository Special Fund established under § 2-120 of this article; and

(2) Used in accordance with § 2-120(d) of this article.

(b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle into the General Fund of the State.

(c) Subject to § 2-120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 11-503.2 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-11-503-2/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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