Utah Statutes
§ 7-27-301 — Penalties.
Utah·Title 7 Financial Institutions Act·Ch. 7-27 Commercial Financing Registration and Disclosure Act·Part 7-27-3 Enforcement
(1)Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act, the department may:
(1)(a) receive and act on complaints;
(1)(b) take action designed to obtain voluntary compliance with this chapter; or
(1)(c) commence administrative or judicial proceedings on the department's own initiative to enforce compliance with this chapter.
(2)A person who violates a provision of this chapter is subject to a civil penalty of $500 per violation, not to exceed $20,000 for all violations arising from the use of the same transaction documentation or materials.
(3)A person who violates a provision of this chapter after receiving written notice of a prior violation is subject to a civil penalty of $1,000 per violation, not to exceed $50,000 for all violations arising from the u
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Legislative History
Enacted by Chapter 449, 2022 General Session
Nearby Sections
15
§ 7-1-1001
Definitions -- Written consent or court order for disclosure by financial institution -- Exception.§ 7-1-1005
Admissibility of information restricted.§ 7-1-1007
Liability of financial institutions.§ 7-1-101
Title.§ 7-1-103
Definitions.§ 7-1-103.5
Control.