Indiana Code 28-8-4-53. Civil penalties
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Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.
(b) A penalty collected under this section shall be deposited into the financial institutions fund established by IC 28-11-2-9.
Sec. 53. (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.
Terms Used In Indiana Code 28-8-4-53
- department: means the members of the department of financial institutions. See Indiana Code 28-8-4-6
- person: means an individual or an organization. See Indiana Code 28-8-4-17
As added by P.L.42-1993, SEC.85. Amended by P.L.89-2011, SEC.61.