Maryland Statutes
Subtitle 3 - Licensing and Responsibilities of Licensees
Section 11-308 - Denials, Reprimands, Suspensions, and Revocations -- Grounds; Penalty

(a)    Subject to the hearing provisions of §§ 11-309 and 11-310 of this subtitle, the Commission may deny a license to an applicant or discipline a licensee in accordance with this section.
    (b)    The Commission may deny a license to any applicant for any reason that the Commission considers sufficient.
    (c)    (1)    The Commission may reprimand any licensee or suspend or revoke a license if the licensee violates:
            (i)    this title;
            (ii)    a regulation adopted under this title; or
            (iii)    a condition set by the Commission.
        (2)    The Commission shall suspend or revoke a license if the applicant or licensee fails to:
            (i)    keep records and make reports of ownership of stock that are required under § 11-314 of this subtitle; or
            (ii)    make a reasonable effort to get affidavits required under § 11-314(b) and (c) of this subtitle.
    (d)    (1)    The Commission may impose a penalty not exceeding $5,000 for each racing day that the licensee is in violation of subsection (c) of this section:
            (i)    instead of suspending or revoking a license under subsection (c)(1) of this section; and
            (ii)    in addition to suspending or revoking a license under subsection (c)(2) of this section.
        (2)    To determine the amount of the penalty imposed under paragraph (1) of this subsection, the Commission shall consider:
            (i)    the seriousness of the violation;
            (ii)    the harm caused by the violation; and
            (iii)    the good faith or lack of good faith of the licensee.
        (3)    A penalty imposed on a licensee shall be paid from the licensee’s share of the takeout.