If a violation is established in any proceeding under this title, but the secretary determines due to the nature and the circumstances of the violation, a suspension of the license is adequate, the secretary may, instead of revoking the license, suspend the license for a period not exceeding sixty days. During the period of the suspension, the licensee may not exercise any rights or privileges under the license. The secretary may, in lieu of suspending or revoking the license, accept a monetary settlement of any proceeding under this title. The amount of the settlement may not exceed seventy-five thousand dollars. The secretary may also recover the actual costs of investigation and prosecution.

Source: SDC 1939, § 5.0104; SL 1971, ch 211, § 23; SL 1991, ch 296; SL 2008, ch 37, § 152; SL 2010, ch 180, § 18; SL 2015, ch 196, § 24, eff. Jan. 1, 2016; SL 2018, ch 213, § 39.