Section 14-4205 – Enforcement by Commissioner
The Commissioner may enforce this subtitle by exercising any of the powers authorized under §§ 2–113 through 2–116 of the Financial Institutions Article.
Section 14-4301 – Unit Defined
In this subtitle, “Unit” means the Senior and Vulnerable Adult Asset Recovery Unit.
Section 14-4302 – Unit in Office of Attorney General
There is a Senior and Vulnerable Adult Asset Recovery Unit in the Office of the Attorney General.
Section 14-4303 – Purpose of Unit — Legal Actions
(a) The purpose of the Unit is to protect seniors and vulnerable adults from financial crimes under § 8–801 of the Criminal Law Article. (b) The Unit may bring a civil action under § 13–204(a)(15) of this article or § 11–209(a) of the Corporations and Associations Article for damages against a person who violates § 8–801 of […]
Section 14-4304 – Funding of Unit — Use of Funds
(a) For fiscal year 2022 and each fiscal year thereafter, the Governor shall include in the State budget at least $250,000 to carry out this subtitle. (b) At the direction of the Attorney General, the Unit shall use the funds included in the State budget under subsection (a) of this section to: (1) Hire new staff for the […]
Section 14-4004 – Violations; Penalties
A violation of this subtitle is: (1) An unfair or deceptive trade practice within the meaning of Title 13 of this article; and (2) Subject to the enforcement and penalty provisions contained in Title 13 of this article.
Section 14-4101 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Commissioner” means the Commissioner of Financial Regulation in the Maryland Department of Labor. (c) “Office” means the Office of the Attorney General.
Section 14-4102 – Purpose
The purpose of this subtitle is to support vigorous enforcement by and funding of the Office and the Commissioner to protect the State’s residents when conducting financial transactions and receiving financial services.
Section 14-4103 – Civil Actions
Whenever the Office and the Commissioner consider it appropriate, the Office and the Commissioner shall use their authority under § 1042 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 to bring civil actions or other appropriate proceedings authorized under the Act.
Section 14-4104 – Annual Appropriations
(a) (1) For fiscal year 2020 and each fiscal year thereafter, the Governor shall include an appropriation of at least $700,000 in general funds in the State budget for the Office for the purposes of enforcement of: (i) Consumer protection laws under this title; (ii) Consumer protection laws under Title 13 of this article; and (iii) Financial consumer protection laws. […]