Montana § 30-10-1007 False Application -- Penalties -- Statute Of Limitations

Montana Statutes

§ 30-10-1007 — False Application -- Penalties -- Statute Of Limitations

Montana § 30-10-1007

Title 30TRADE AND COMMERCE

Ch. 10SECURITIES REGULATION

Part 10Securities Restitution Assistance Fund

This text of Montana § 30-10-1007 (False Application -- Penalties -- Statute Of Limitations) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-10-1007 (2026).

Text

30-10-1007 . (Temporary) False application -- penalties -- statute of limitations.

(1)A claimant who knowingly files or causes to be filed an application for restitution assistance or documents supporting the application any of which contain false, incomplete, or misleading information in any material aspect shall forfeit all restitution assistance provided from the fund.

(2)The commissioner may levy a fine of up to $10,000 on a claimant found to be in violation of subsection (1).

(3)A proceeding to determine a violation of subsection (1) must be in accordance with the contested case proceedings in the Montana Administrative Procedure Act, Title 2, chapter 4, parts 6 and 7.

(4)Notwithstanding the statutes of limitations provided in 30-10-305 through 30-10-307 , any proceeding to determ

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30-10-1007 . (Temporary) False application -- penalties -- statute of limitations. (1) A claimant who knowingly files or causes to be filed an application for restitution assistance or documents supporting the application any of which contain false, incomplete, or misleading information in any material aspect shall forfeit all restitution assistance provided from the fund.
(2) The commissioner may levy a fine of up to $10,000 on a claimant found to be in violation of subsection (1).
(3) A proceeding to determine a violation of subsection (1) must be in accordance with the contested case proceedings in the Montana Administrative Procedure Act, Title 2, chapter 4, parts 6 and 7.
(4) Notwithstanding the statutes of limitations provided in 30-10-305 through 30-10-307 , any proceeding to determine a violation of subsection (1) of this section must be initiated within 2 years of the date on which the department discovers the violation or, through the use of reasonable diligence, should have discovered the violation, whichever occurs later. Regardless of when the department discovers a violation or should have discovered a violation through the use of reasonable diligence, the department may not initiate a proceeding under this subsection more than 5 years after the date of the violation. (Terminates June 30, 2027--secs. 3, 4, Ch. 404, L. 2021.)