A Maryland licensee ignores a 2026 order to stop a practice and to make restitution. What higher per-violation civil penalty may follow failure to cease or correct the ordered conduct?
Correct Answer
C) Up to $25,000 for each violation it failed to cease or correct
If a violator fails to comply with an order, the Commissioner may impose a civil penalty not exceeding $25,000 for each violation from which the violator failed to cease and desist or for which it failed to take affirmative action to correct. Other choices: the ceiling rises at this stage; court enforcement is available in addition rather than instead; and $50,000 is not the figure. Source: Md. Fin. Inst. § 11-517(c)(2)
Why This Is the Correct Answer
If a violator fails to comply with an order, the Commissioner may impose a civil penalty not exceeding $25,000 for each violation from which the violator failed to cease and desist or for which it failed to take affirmative action to correct. Other choices: the ceiling rises at this stage; court enforcement is available in addition rather than instead; and $50,000 is not the figure. Source: Md. Fin. Inst. § 11-517(c)(2)
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