(a)Subject to section 120 of this chapter,
if, after a hearing described in section 120(b) of this chapter, the
department determines that a director, an officer, or a manager of a
creditor has committed an act described in section 119 of this chapter,
the department may issue a final order. If a hearing is not requested
within the time specified in section 120(b) of this chapter, the director
may issue a final order on the basis of the facts set forth in the written
notice served under section 119(a) of this chapter.
(b)Unless the director has entered into a consent agreement
described in section 121 of this chapter, a final order must include
separately stated findings of fact and conclusions of law for all aspects
of the order.
(c)In a final order under this section, the department o
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(a) Subject to section 120 of this chapter,
if, after a hearing described in section 120(b) of this chapter, the
department determines that a director, an officer, or a manager of a
creditor has committed an act described in section 119 of this chapter,
the department may issue a final order. If a hearing is not requested
within the time specified in section 120(b) of this chapter, the director
may issue a final order on the basis of the facts set forth in the written
notice served under section 119(a) of this chapter.
(b) Unless the director has entered into a consent agreement
described in section 121 of this chapter, a final order must include
separately stated findings of fact and conclusions of law for all aspects
of the order.
(c) In a final order under this section, the department or the director,
as appropriate, may order one (1) or more of the following with respect
to an officer, a director, or a manager of a creditor:
(1) The removal of the officer, director, or manager from the
person's office, position, or employment.
(2) A prohibition against any participation by the officer, director,
or manager in the conduct of the affairs of any creditor.
(3) If the subject of the order is an officer or a director of a
creditor, and subject to section 124 of this chapter, the imposition
of a civil penalty not to exceed fifteen thousand dollars ($15,000)
for each practice, violation, or act that:
(A) is described in section 119 of this chapter; and
(B) found to exist by the department or the director.
(d) A final order shall be issued in writing not later than ninety (90)
days after conclusion of a hearing held under section 120(b) of this
chapter, unless this period is waived or extended with the written
consent of all parties or for good cause shown.
(e) If the officer, director, or manager does not appear individually
or by an authorized representative at a hearing held under section
120(b) of this chapter, the officer, director, or manager is considered
to have consented to the issuance of a final order.
(f) The director may keep a final order confidential if the director
determines that the immediate release of the order would endanger the
stability of the creditor. However, after two (2) years following the date
that an order is issued, a final order is no longer confidential.
(g) The remedies provided in this chapter are in addition to other
remedies contained in this article.