(a) If a banking institution or an other–state bank fails to make any report or submit proof of publication as required by this article, the banking institution or other–state bank is subject, in the discretion of the Commissioner, to a civil penalty not exceeding $500 for each day that the report or proof is overdue.
(b) The Commissioner may institute proceedings to enforce this section.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 2 - Examinations and Reports
Section 5-201 - Examination of Institution
Section 5-202 - Examination of Witnesses
Section 5-203 - Annual Assessments on Banking Institutions
Section 5-204 - Acceptance of Federal Examination
Section 5-205 - Independent Audits
Section 5-206 - Reports of Financial Condition -- in General
Section 5-206.1 - Documents Submitted by Banking Institutions and National Banking Associations
Section 5-207 - Reports of Financial Condition -- Special Reports