§ 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.

HISTORY: 1990, ch. 411.