Sec. 24. (a) If the
department determines, after notice and an opportunity to be heard, that a
person has violated this chapter, the department may, in addition to or instead of all other remedies available under this chapter, impose upon the person a civil penalty not greater than ten thousand dollars ($10,000) per violation.
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Terms Used In Indiana Code 28-8-5-24
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- department: means the members of the department of financial institutions. See Indiana Code 28-8-5-4
- person: means any individual, sole proprietorship, partnership, trust, joint venture, limited liability company, corporation, unincorporated organization, or other form of entity, however organized. See Indiana Code 28-8-5-9
(c) If the court finds that the defendant is guilty of violating this chapter, the court may assess a civil penalty not to exceed five thousand dollars ($5,000) per violation.
(d) Civil penalties collected under this section shall be deposited into the financial institutions fund established by IC 28-11-2-9.
As added by P.L.42-1993, SEC.86. Amended by P.L.89-2011, SEC.67.
