Section 12-805 - Civil penalties.
§ 12-805. Civil penalties.
(a) Assessment.- The Secretary may assess a civil penalty against any financial institution and any officer, employee, agent, or director of the institution for each knowing and willful violation of this subtitle.
(b) Amount; separate violations.-
(1) The civil penalty may not exceed $50 for each day the violation continues.
(2) For purposes of this section, a separate violation occurs at each office, branch, or place of business where a violation occurs or continues.
(3) The total civil penalty may not exceed $1,000.
(c) Civil actions to recover.- In the event of the failure of any person to pay any penalty assessed under this section, a civil action for recovery of the penalty may be brought by the State against the person.
[1990, ch. 411.]