Section 12-122 – Suspension and Revocation of License
(a) Subject to the hearing provisions of § 12–123 of this subtitle, the Commissioner may suspend or revoke the license of any licensee or registration of any registrant if the licensee or registrant, or any owner, director, officer, member, partner, stockholder, employee, or agent of the licensee or registrant: (1) Makes any material misstatement in an application […]
Section 12-123 – Notice and Hearing Requirements
(a) Before the Commissioner takes any action under § 12–121, § 12–122, or § 12–126 of this subtitle, the Commissioner shall give the licensee or registrant an opportunity for a hearing before the Commissioner. (b) Notice of the hearing shall be given and the hearing shall be held in accordance with Title 10, Subtitle 2 of the […]
Section 12-124 – Report of Alleged Criminal Violation
The Commissioner shall report to the appropriate State’s Attorney or the Attorney General any alleged criminal violation of this subtitle.
Section 12-125 – Criminal Penalties
A person who knowingly violates this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $5,000 or imprisonment not exceeding 3 years or both.
Section 12-126 – Civil Penalties
(a) The Commissioner may impose a civil penalty against a person who violates this subtitle in an amount not exceeding: (1) $10,000 for a first offense; and (2) $25,000 for each subsequent offense. (b) In determining the amount of civil penalty to be imposed under subsection (a) of this section, the Commissioner shall consider the following: (1) The seriousness of […]
Section 12-127 – Action for Damages or Injunctive Relief; Award Amounts
(a) A person who is injured by a violation of this subtitle may file an action to recover damages or for injunctive relief. (b) A court may award a prevailing plaintiff under this section: (1) Up to 3 times the amount of actual damages; and (2) An amount at least equal to the amount paid by the plaintiff to […]
Section 12-117 – Compliance With Federal and State Laws
A licensee shall comply with all federal and State laws concerning money laundering.
Section 12-118 – Posting of Fees
A licensee shall conspicuously post, in 48 point or larger type, at each place of business at which, or mobile unit from which, the licensee provides check cashing services: (1) A notice of the fees for check cashing services; and (2) The phone number of the Commissioner for customers to file complaints.
Section 12-119 – Payment of Instrument; Forms of Customer Identification
(a) A licensee shall pay a customer, in United States currency, the face amount of the payment instrument received less the fee charged. (b) (1) A licensee may not provide check cashing services to a customer unless the customer presents a form of customarily acceptable identification. (2) Acceptable forms of identification include: (i) A valid driver’s license with photograph issued […]
Section 12-120 – Maximum Fees; Membership Fee
(a) Except as provided in § 15-802(b) of the Commercial Law Article and subsection (b) of this section, a licensee may not charge any other fee, including late fees or other service fees, for accepting or cashing a payment instrument in excess of the greater of: (1) 2% of the face amount of the payment instrument or […]