§ 6-904. Improper loans

MD Fin Inst Code § 6-904 (2019) (N/A)
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(a)    An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.

(b)    If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:

(1)    Any borrower; or

(2)    Any officer or official who knowingly permitted or participated in making the loan.