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§ 28-8-4-1-1105 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 8 - Financial Services/
  6. Chapter 4.1 - Money Transmission Modernization Act28-8-4.1-101. Citation As Money Transmission Modernization Act/
  7. § 28-8-4-1-1105
Indiana Legal Code

§ 28-8-4-1-1105

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(a) If the department determines, after notice and an opportunity to be heard, that a person has violated this chapter, the department may, in addition to or instead of all other remedies available under this chapter, impose upon the person a civil penalty not greater than ten thousand dollars ($10,000) per violation.(b) A penalty collected under this section shall be deposited into the financial institutions fund established by IC 28-11-2-9.As added by P.L.198-2023, SEC.4.