Maryland § 7-302.2

Full text of Maryland Maryland Code § 7-302.2, with citation guidance and answers to common questions.

§ 7-302.2.

    (a)    All revenue received for the licensing and assessment of persons under this title and any other fee or revenue received by the Commissioner or the Board under this title shall be:

        (1)    credited to the Non–Depository Special Fund established under § 2–120 of the Financial Institutions Article; and

        (2)    used in accordance with § 2–120(d) of the Financial Institutions Article.

    (b)    Notwithstanding subsection (a) of this section, the Board shall pay all fines and penalties collected by the Board under this title into the General Fund of the State.

    (c)    Subject to § 2–120(h) of the Financial Institutions Article, the Commissioner may impose an annual assessment on any licensee under this title.

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Frequently Asked Questions About Maryland § 7-302.2

What does Maryland Code § 7-302.2 cover?

Section 7-302.2 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maryland § 7-302.2?

A common citation format is "Maryland Code § 7-302.2" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maryland law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.

How does Maryland § 7-302.2 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.