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Md. Code Ann., Fin. Inst. § 11-203.3

Known as the Maryland Consumer Loan Law

The act spans §§ 11–11 (26 sections).

(a) All revenue received for the licensing and assessment of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:

(1) Credited to the Non–Depository Special Fund established under § 2–120 of this article; and

(2) Used in accordance with § 2–120(d) of this article.

(b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle and Subtitle 3 of this title into the General Fund of the State.

(c) Subject to § 2–120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.