Current with changes from the 2024 Legislative Session
Section 7-506 - Commissioner's enforcement powers(a) The Commissioner may enforce the provisions of this subtitle by exercising any of the powers provided under §§ 2-113 through 2-116 of the Financial Institutions Article.(b)(1) The Commissioner may seek an injunction to prohibit a person who has engaged or is engaging in a violation of this subtitle from engaging or continuing to engage in the violation.(2) The court may enter any order or judgment necessary to:(i) Prevent the use by a person of any prohibited practice;(ii) Restore to a person any money or real or personal property acquired from the person by means of any prohibited practice; or(iii) Appoint a receiver in case of willful violation of this subtitle.(3) In any action brought by the Commissioner under this section, the Commissioner is entitled to recover the costs of the action for the use of the State.(c) The Commissioner may enforce the provisions of this subtitle by requiring a violator to take affirmative action to correct the violation, including the restitution of money or property to any person aggrieved by the violation.(d) The Commissioner may: (1) Investigate violations of this subtitle; and(2) Aid any other unit of State government that has regulatory jurisdiction over the business activities of the violator.(e) The Commissioner may cooperate in the investigation and prosecution of any violation of this subtitle with:(1) The Office of the Attorney General, a State's Attorney, or any other unit of law enforcement in the State; or(2) The Federal Trade Commission, the Consumer Financial Protection Bureau, or the U.S. Department of Housing and Urban Development.Amended by 2013 Md. Laws, Ch. 465,Sec. 1, eff. 7/1/2013.Amended by 2013 Md. Laws, Ch. 464,Sec. 1, eff. 7/1/2013.