Md. Code, Fin. Inst. § 12-1007

Current with changes from the 2024 Legislative Session
Section 12-1007 - Use of fees; fines and penalties paid to General Fund
(a) All revenue received for the registration of persons under this subtitle and, except as provided in subsection (b) of this section, any other fee, examination 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.

Md. Code, FI § 12-1007

Amended by 2023 Md. Laws, Ch. 567, Sec. 1, eff. 7/1/2023.
Amended by 2016 Md. Laws, Ch. 393, Sec. 1, eff. 7/1/2016.
Amended by 2016 Md. Laws, Ch. 392, Sec. 1, eff. 7/1/2016.
Amended by 2016 Md. Laws, Ch. 393, Sec. 1, eff. 6/1/2016.
Amended by 2016 Md. Laws, Ch. 392, Sec. 1, eff. 6/1/2016.