A Maryland originator commits a single violation of the subtitle in 2026. What is the maximum initial civil penalty for this single violation?
Correct Answer
D) A civil penalty not exceeding $10,000 for that violation
The Commissioner may enforce the subtitle by issuing a cease and desist order requiring affirmative action including restitution, and by imposing a civil penalty not exceeding $10,000 for each violation, rising to $25,000 for each violation from which the violator failed to cease and desist. Other choices: $25,000 is the second-stage figure; and the first-stage figure is $10,000 rather than $5,000 or $1,000. Source: Md. Fin. Inst. § 11-615(c)(1)(ii)
Why This Is the Correct Answer
The Commissioner may enforce the subtitle by issuing a cease and desist order requiring affirmative action including restitution, and by imposing a civil penalty not exceeding $10,000 for each violation, rising to $25,000 for each violation from which the violator failed to cease and desist. Other choices: $25,000 is the second-stage figure; and the first-stage figure is $10,000 rather than $5,000 or $1,000. Source: Md. Fin. Inst. § 11-615(c)(1)(ii)
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