Public-domain · open source
OpenJurist

Md. Code Ann., Fin. Inst. § 12-1007

Known as the Maryland Debt Settlement Services Act

The act spans §§ 12–12 (18 sections).

(a) All revenue received for the registration of persons under this subtitle and, except as provided in subsection (b) of this section, any other fee, examination assessment, 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 into the General Fund of the State.

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