Ch. 524                                    1996 LAWS OF MARYLAND

(B) (1) THE BOARD MAY IMPOSE ON A PERSON WHO VIOLATES ANY
PROVISION OF THIS TITLE A CIVIL PENALTY NOT EXCEEDING $1,000 FOR EACH
VIOLATION.

(2)     IN SETTING THE AMOUNT OF A CIVIL PENALTY, THE BOARD SHALL
CONSIDER:

(I)      THE SERIOUSNESS OF THE VIOLATION;

(II)     THE HARM CAUSED BY THE VIOLATION;
(III) THE GOOD FAITH OF THE VIOLATOR;

(IV)   ANY HISTORY OF PREVIOUS VIOLATIONS BY THE VIOLATOR;
AND

(V)     ANY OTHER RELEVANT FACTORS.

(3)     THE BOARD SHALL PAY ANY PENALTY COLLECTED UNDER THIS
SUBSECTION INTO THE GENERAL FUND OF THE STATE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1996.

Approved May 14, 1996.

CHAPTER 524
(House Bill 1157)

AN ACT concerning

Commissioner of Consumer Credit - Out-of-State Examination Expenses - Special

Revolving Fund

FOR the purpose of requiring certain licensees under the jurisdiction of the
Commissioner of Consumer Credit located outside the State of Maryland to pay the
reasonable travel and living expenses under certain circumstances; providing an
exemption from the requirement when a licensee furnishes all required
documentation necessary or appropriate to the examination or investigation at a
location within Maryland designated by the Commissioner; providing that the funds
collected by the Commissioner under this Act be placed in a special revolving fund
for the purpose of defraying the costs of examining and investigating licensees of the
Commissioner of Consumer Credit; and generally relating to costs of examinations
and investigations performed by the Commissioner of Consumer Credit.

BY adding to

Article - Financial Institutions

Section 11-104

Annotated Code of Maryland

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