Md. Code, Financial Institutions § 11-203.3
Md. Code, Financial Institutions § 11-203.3
in effect§11–203.3.
(a) All revenue received for the licensing and assessment of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:
(1) Credited to the Non–Depository Special Fund established under § 2–120 of this article; and
(2) Used in accordance with § 2–120(d) of this article.
(b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle and Subtitle 3 of this title into the General Fund of the State.
(c) Subject to § 2–120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=11-203.3&enactments=falseFetched: 10/17/2026