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§ 28-8-5-24 — Indiana Law | CourtGPT
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  4. Title 28 - Financial Institutions/
  5. Article 8 - Financial Services/
  6. Chapter 5 - Cashing Checks28-8-5-1. Application of Chapter/
  7. § 28-8-5-24
Indiana Legal Code

§ 28-8-5-24

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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) In addition to or instead of imposing a civil penalty under subsection (a), the department may bring a civil action against a person for violating this chapter.(c) If the court finds that the defendant is guilty of violating this chapter, the court may assess a civil penalty not to exceed five thousand dollars ($5,000) per violation.(d) Civil penalties collected under this section shall be deposited into the financial institutions fund established by IC 28-11-2-9.As added by P.L.42-1993, SEC.86. Amended by P.L.89-2011, SEC.67.