Unannotated Code of Maryland (Last Updated: May 16, 2014) |
BUSINESS REGULATION |
TITLE 1. DEFINITIONS; GENERAL PROVISIONS |
SUBTITLE 5. CURRENCY TRANSACTIONS IN A TRADE OR BUSINESS |
§ 1-505. Civil penalties
Latest version.
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(a) Assessment; amount; separate violations. --
(1) The Secretary may assess a civil penalty against a person engaged in a trade or business for each knowing and willful violation of this subtitle.
(2) The civil penalty may not exceed $ 50 for each day the violation continues.
(3) For purposes of this section, a separate violation occurs at each office, branch, or place of business where a violation occurs or continues.
(4) The total civil penalty may not exceed $ 1,000.
(b) Civil action to recover. -- In the event of the failure of a person to pay a penalty assessed under this section, a civil action for recovery of the penalty may be brought by the State against the person.