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O.C.G.A. § 7-3-25 <-- --> O.C.G.A. §7-3-27

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 3 - INDUSTRIAL LOANS
§ 7-3-26 - Probation and civil penalties for violations

O.C.G.A. 7-3-26 (2010)
7-3-26. Probation and civil penalties for violations


In addition to all other penalties provided for under this chapter, the Commissioner shall have authority to place any licensee on probation for a period of time not to exceed one year for each and every act or violation of this chapter or of the rules and regulations of the Commissioner and may subject such licensee to a monetary penalty of up to $1,000.00 for each and every act or violation of this chapter or of the rules and regulations of the Commissioner. If the licensee knew or reasonably should have known he was in violation of this chapter or the rules and regulations of the Commissioner, the monetary penalty provided for in this Code section may be increased to an amount up to $5,000.00 for each and every act or violation.