Indiana Statutes
§ 28-8-6-903 — Civil penalty for violation of chapter
Effective 1-1-2026. Sec. 903.
(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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Legislative History
As added by P.L.222-2025, SEC.5.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows