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Statutes Text

Article - Financial Institutions


    (a)    All revenue received for the licensing of money transmitters under this subtitle and any other fee, examination assessment, or revenue received by the Commissioner under this subtitle shall be:

        (1)    Credited to the Nondepository Special Fund established under § 11–610 of this article; and

        (2)    Used in accordance with § 11–610(c) 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 into the General Fund of the State.

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