Kentucky Statutes 286.8-046 – Civil penalty for violation of subtitle, administrative regulation, or order — Order for restitution, refund, recovery of expenses
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(1) The commissioner may levy a civil penalty against any person who violates any provision of or any administrative regulation promulgated under this subtitle or order issued by the commissioner under this subtitle. The civil penalty shall be not less than one thousand dollars ($1,000) nor more than twenty-five thousand dollars ($25,000) per violation, plus the state‘s costs and expenses for the examination, investigation, and prosecution of the matter, including reasonable attorney‘s fees and court costs.
(2) The commissioner may order restitution, refund, recovery of expenses, or direct such other affirmative action as the commissioner deems necessary against any person who violates any order issued by the commissioner or any provision of, or administrative regulation promulgated under, this subtitle.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 769, effective July 15, 2010. — Amended
2009 Ky. Acts ch. 104, sec. 8, effective June 25, 2009. — Created 2008 Ky. Acts ch.
175, sec. 25, effective April 24, 2008.
(2) The commissioner may order restitution, refund, recovery of expenses, or direct such other affirmative action as the commissioner deems necessary against any person who violates any order issued by the commissioner or any provision of, or administrative regulation promulgated under, this subtitle.
Terms Used In Kentucky Statutes 286.8-046
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Attorney: means attorney-at-law. See Kentucky Statutes 446.010
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Person: means a natural person, or any type or form of corporation, company, partnership, proprietorship, association, or other legal entity. See Kentucky Statutes 286.1-010
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 769, effective July 15, 2010. — Amended
2009 Ky. Acts ch. 104, sec. 8, effective June 25, 2009. — Created 2008 Ky. Acts ch.
175, sec. 25, effective April 24, 2008.