Md. Code Regs. 09.01.08.04

Current through Register Vol. 51, No. 22, November 1, 2024

Section 09.01.08.04 - Failure to Report

A. After notice and opportunity for a hearing, as provided in State Government Article, Title 10, the Secretary may assess a civil penalty not to exceed $50 for each day that the Form 8300 is in arrears.

B. For the purpose of determining the civil penalty, the Secretary shall assess a separate penalty for each store, division, branch, department, headquarters, or office, regardless of physical location.

C. The total civil penalty may not exceed $1,000 per violation.

D. In determining the amount of the civil penalty for a violation, the Secretary shall consider the amount of currency and number of transactions involved, and any pattern of compliance or noncompliance by the person engaged in the trade or business.

Md. Code Regs. 09.01.08.04

Regulations .04 adopted as an emergency provision effective August 1, 1990 (17:17 Md. R. 2074); emergency status expired January 1, 1991
Regulations .04 adopted effective October 28, 1991 (18:21 Md. R. 2307)