District of Columbia § 41-162.05 Other civil penalties.

District of Columbia Statutes

§ 41-162.05 — Other civil penalties.

District of Columbia § 41-162.05

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. XIIEnforcement.

This text of District of Columbia § 41-162.05 (Other civil penalties.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 41-162.05 (2026).

Text

(a)If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this chapter or otherwise willfully fails to perform a duty imposed on the holder under this chapter , the Administrator may require the holder to pay the Administrator, in addition to interest as provided in § 41-162.04(a) , a civil penalty of $1,000 for each day the obligation is evaded or the duty is not performed, up to a cumulative maximum amount of $25,000, plus 25 percent of the amount or value of property that should have been but was not reported, paid, or delivered as a result of the evasion or failure to perform.

(b)If a holder makes a fraudulent report under this chapter , the Administrator may require the holder to pay to the Administrator, in addition to interest under

Free access — add to your briefcase to read the full text and ask questions with AI

(a) If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this chapter or otherwise willfully fails to perform a duty imposed on the holder under this chapter , the Administrator may require the holder to pay the Administrator, in addition to interest as provided in § 41-162.04(a) , a civil penalty of $1,000 for each day the obligation is evaded or the duty is not performed, up to a cumulative maximum amount of $25,000, plus 25 percent of the amount or value of property that should have been but was not reported, paid, or delivered as a result of the evasion or failure to perform.

(b) If a holder makes a fraudulent report under this chapter , the Administrator may require the holder to pay to the Administrator, in addition to interest under § 41-162.04(a) , a civil penalty of $1,000 for each day from the date the report was made until corrected, up to a cumulative maximum of $25,000, plus 25 percent of the amount or value of any property that should have been reported but was not included in the report or was underreported.