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Code · Utah · Title 7 — Financial Institutions Act · Chapter 24

7-24-303. Penalties.

230 words·~1 min read·/ut/title-7/chapter-24/7-24-303

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7-24-303. Penalties.
(1)A person who violates this chapter or who files materially false information with a registration or renewal under Section 7-24-201 is:
(a)guilty of a class B misdemeanor except for a violation of:
(i)Subsection 7-24-202(1)(e)(i) ,
(ii), or
(iii); or
(ii)rules made under Subsection 7-24-301(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 extending title loans 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 extend title loans;
(d)impose an administrative fine not to exceed $1,000 per violation, except that:
(i)a fine imposed under Subsection 7-24-201(2)(e) shall comply with Subsection 7-24-201(2)(e) ; 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).
(3)A person is not subject to the penalties under this section for a violation of this chapter that was not willful or intentional, including a violation resulting from a clerical error.
Amended by Chapter 382 , 2008 General Session
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