7-23-504. Penalties.

229 words·~1 min read·/ut/title-7/chapter-23/7-23-504

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A person who violates this chapter or who files materially false information with a registration or renewal under Section 7-23-201 is:

(a)guilty of a class B misdemeanor, except for a violation of:

(i)Subsection 7-23-401(1)(f)(i) ,

(ii), or

(iii); or

(ii)rules made under Subsection 7-23-501(2)(b) ; and

(b)subject to revocation of a person's registration under this chapter.

(2)Subject to Title 63G, Chapter 4, Administrative Procedures Act , if the department determines that a person is engaging in the business of cashing checks or the business of deferred deposit lending in violation of this chapter, the department may:

(a)revoke that person's registration under this chapter;

(b)issue a cease and desist order from committing any further violations;

(c)prohibit the person from continuing to engage in the business of:

(i)cashing checks; or

(ii)deferred deposit lending;

(d)impose an administrative fine not to exceed $1,000 per violation, except that:

(i)a fine imposed under Subsection 7-23-201(4) shall comply with Subsection 7-23-201(4) ; and

(ii)the aggregate total of fines imposed under this chapter against a person in a calendar year may not exceed $30,000 for that calendar year; or

(e)take any combination of actions listed under this Subsection

(2).

Renumbered and Amended by Chapter 96 , 2008 General Session

Amended by Chapter 382 , 2008 General Session