§ 24-9-8-3 — Enforcement actions by attorney general; exception; civil penalty for violation of injunction; jurisdiction of court

Indiana § 24-9-8-3

• Jurisdiction: Indiana
• Art. 9: HOME LOAN PRACTICES
• Ch. 8: Penalties and Enforcement

Text

(a) This section does not apply to a violation of
IC 24-9-3-7(c)(4) by a person required to be licensed by the department
of financial institutions. The attorney general may bring an action to
enjoin a violation of this article. A court in which the action is brought
may:
(1) issue an injunction;
(2) order a person to make restitution;
(3) order a person to reimburse the state for reasonable costs of
the attorney general's investigation and prosecution of the
violation of this article; and
(4) impose a civil penalty of not more than ten thousand dollars
($10,000) per violation.
(b) A person who violates an injunction under this section is subject
to a civil penalty of not more than ten thousand dollars ($10,000) per
violation.
(c) The court that issues an injunction retains jurisdiction over a
proceeding seeking the imposition of a civil penalty under this section.

Legislative History

As added by P.L.73-2004, SEC.33. Amended by P.L.105-2009, SEC.12; P.L.114-2010, SEC.21.