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Maryland Code, Financial Institutions 6-904

 

Maryland Code > Financial Institutions > § 6-904


Current as of: 2010
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        (a)   An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
(b)   If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
(1)   Any borrower; or
 

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