Indiana § 28-8-4.1-1105 Violations; department's authority to impose civil penalty; amount

Indiana Statutes

§ 28-8-4.1-1105 — Violations; department's authority to impose civil penalty; amount

Indiana § 28-8-4.1-1105

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-1105 (Violations; department's authority to impose civil penalty; amount) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-8-4.1-1105 (2026).

Text

(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.

(b)A penalty collected under this section shall be deposited into the financial institutions fund established by IC 28-11-2-9.

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(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.
(b) A penalty collected under this section shall be deposited into the
financial institutions fund established by IC 28-11-2-9.