Connecticut General Statutes 36a-617 – Penalties for violations
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Any loan broker who knowingly violates any provision of sections 36a-615 to 36a-620, inclusive, or any regulation or order adopted or issued under said sections, shall be fined not more than one thousand dollars or imprisoned not more than one year, or both, for each violation. Each loan of money or extension of credit in which an advance fee was charged, imposed or caused to be paid shall constitute a separate violation.
Terms Used In Connecticut General Statutes 36a-617
- Loan: includes any line of credit or other extension of credit. See Connecticut General Statutes 36a-2