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Statutes Text

Article - Business Regulation




§12–502.

    (a)    (1)    A person who willfully or knowingly violates this title is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $10,000 or imprisonment not exceeding 2 years or both.

        (2)    Each associate, employee, manager, or partner who participates in or consents to a violation of this title is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $5,000 or imprisonment not exceeding 1 year or both.

        (3)    Each violation of this title is a separate offense.

    (b)    (1)    The Secretary may impose on a person who violates any provision of this title a penalty not exceeding $5,000 for each violation.

        (2)    In setting the amount of the penalty, the Secretary shall consider:

            (i)    the seriousness of the violation;

            (ii)    the harm caused by the violation;

            (iii)    the good faith of the violator;

            (iv)    any history of previous violations by the violator; and

            (v)    any other relevant factors.

        (3)    The Secretary shall pay any penalty collected under this subsection into the General Fund of the State.



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