(a) An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
(b) If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
(1) Any borrower; or
(2) Any officer or official who knowingly permitted or participated in making the loan.
Structure Maryland Statutes
Subtitle 9 - Prohibited Activities; Penalties
Section 6-901 - Unauthorized Use of Words "Credit Union" Prohibited
Section 6-902 - Making, Circulating, or Sending Untrue Statements
Section 6-903 - Intentionally False Statements or False Records
Section 6-904 - Improper Loans
Section 6-905 - Improper Loans -- Action by Commissioner
Section 6-906 - Cease and Desist Orders
Section 6-906.1 - Cease and Desist Orders -- Civil Penalty
Section 6-906.2 - Closed Hearing in Extraordinary Circumstances