What does "penalty" refer to in this context?

In the context of this question, "penalty" refers specifically to a monetary penalty. This term typically encompasses fines or financial repercussions imposed on a licensee for violations of law or regulations. Such penalties serve as a deterrent against future infractions and emphasize the seriousness of compliance within the legal framework.

While warnings, suspensions, and mandatory training programs may impose consequences or corrective measures, they do not directly involve a financial cost to the licensee, which sets monetary penalties apart as a specific and distinct form of penalty. This distinction is crucial in understanding the nature of consequences that can arise from regulatory violations in the context of Maryland law.