§ 19-14.1-9. Penalties.
(a) Any person or entity and the several members, officers, directors, agents and employees
thereof, who or that knowingly violates, or participates in the violation of any of
the applicable provisions of this chapter, or any regulation promulgated thereunder,
shall be guilty of a misdemeanor and, upon conviction of this violation, shall be
punished by a fine of not more than one thousand dollars ($1,000), or imprisoned for
not more than one year, or both. Each violation shall constitute a separate offense.
Complaints under the provisions of this chapter may be made by the director, or the
director's design
Free access — add to your briefcase to read the full text and ask questions with AI
§ 19-14.1-9. Penalties.
(a) Any person or entity and the several members, officers, directors, agents and employees
thereof, who or that knowingly violates, or participates in the violation of any of
the applicable provisions of this chapter, or any regulation promulgated thereunder,
shall be guilty of a misdemeanor and, upon conviction of this violation, shall be
punished by a fine of not more than one thousand dollars ($1,000), or imprisoned for
not more than one year, or both. Each violation shall constitute a separate offense.
Complaints under the provisions of this chapter may be made by the director, or the
director's designee, and the director, or the director's designee, shall not be required
to give surety for costs. The attorney general shall prosecute all complaints under
this chapter.
(b) Any person who shall violate any provision of this chapter may also be subject to
a civil monetary penalty, in the discretion of the court. For unintentional violations,
to be determined by the court, the award may include actual damages sustained by the
applicant or borrower, as the case may be, as a result of the violation, plus a penalty
in an amount not greater than one hundred dollars ($100) per violation. For intentional
violations, to be determined by the court, the award may include actual damages sustained
by the applicant or borrower, as the case may be, as a result of the violation, plus
a penalty in an amount not greater than five hundred dollars ($500) per violation.
A person's failure to take action to correct the violation within a reasonable period
of time, as determined by the court, following notice to the person of the violation
by the director, or the director's designee, pursuant to a final written report or
other written notice, may be evidence of an intentional violation under this subsection
(b) with respect to violations committed after the notice and the expiration of a
reasonable time period for correction of the violation.