§ 13-12-21 — Penalty

North Dakota § 13-12-21

• Jurisdiction: North Dakota
• Title 13: Debtor and Creditor Relationship
• Ch. 13-12: Residential Mortgage Lenders

Text

A person or company violating any of the provisions of this chapter or any rule or order of
the department of financial institutions made pursuant to the provisions of this chapter or who
engages in any act, practice, or transaction declared by any provision of this chapter to be
unlawful is guilty of a class C felony. The commissioner may impose a civil money penalty not to
exceed one hundred thousand dollars for each occurrence and one thousand dollars per day for
each day the violation continues after issuance of the order against any person or company who
violates a law, rule, written agreement, or order under this chapter. An interested party may
appeal the assessment of a civil money penalty under the provisions of chapter 28-32 by filing a
written notice of appeal within twenty days after service of the assessment of civil money
penalties. A civil money penalty collected under this section must be paid to the department of
financial institutions and deposited in the financial institutions regulatory fund.