§ 11-503.2. Credit of revenue from licensing and payment of fines and penalties into various funds

MD Fin Inst Code § 11-503.2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    All revenue received for the licensing of persons under this subtitle and any other fee, examination or investigation fee or assessment, or revenue received by the Commissioner under this subtitle shall be:

(1)    Credited to the Nondepository Special Fund established under § 11–610 of this title; and

(2)    Used in accordance with § 11–610(c) of this title.

(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.