§ 812 — Penalties

New York § 812

• Jurisdiction: New York
• Law FIS: Financial Services Law
• Art. 8: Commercial Financing

Text

§ 812. Penalties. (a) Upon a finding by the superintendent that a\nprovider has violated the provisions of this article or the rules or\nregulations promulgated hereunder, the provider shall be ordered to pay\nto the people of this state a civil penalty for each violation of this\narticle or any regulation or policy promulgated hereunder a sum not to\nexceed two thousand dollars for each violation or where such violation\nis willful ten thousand dollars for each violation.\n (b) In addition to any penalty imposed pursuant to subdivision (a) of\nthis section, upon a finding by the superintendent that a provider has\nknowingly violated this article, the superintendent may order additional\nrelief, including, but not limited to, restitution or a permanent or\npreliminary injunction on behalf of any recipient affected by the\nviolation.\n