§ 26-502. Penalties

Latest version.

   (a) Criminal penalty. -- A person that willfully violates this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $ 1,000 or imprisonment not exceeding 1 year or both.

(b) Civil penalty. -- In addition to any other penalty provided in this title, the Commissioner after notice and hearing may impose on a licensee or representative for each violation of this title a penalty:

   (1) not exceeding $ 25,000 for a licensee; or

   (2) not exceeding $ 5,000 for a representative.

(c) Restitution. -- Instead of or in addition to a penalty imposed under this section, the Commissioner may require that restitution be made to any citizen who has suffered financial injury because of a violation of this title.

HISTORY: An. Code 1957, art. 48B, § 11; 1996, ch. 11.

                    
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