286.11-047 Civil penalties.
The commissioner may levy a civil penalty against a person that violates any provision of
or administrative regulation promulgated under this subtitle or order issued by the
commissioner under this subtitle. The civil penalty shall be not less than one thousand
dollars (,000) nor more than five thousand dollars (,000) per day for each day the
violation is outstanding, plus the state's costs and expenses for the examination,
investigation, and prosecution of this matter, including reasonable attorney's fees and
court costs.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 852, effective July 15, 2010. -- Created
2006 Ky. Acts ch. 247, sec. 24, effective April 24, 2006.
Legislative Research Commission Note (7/12/2006). This section was created in 2006
Ky. Acts ch. 247 as a new section of KRS Chapter 366A. Sec. 38 of that same bill
also required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A,
and 368 be renumbered as sections of a single KRS chapter entitled the "Kentucky
Financial Services Code." Therefore, the Statute Reviser, acting under KRS 7.136(1),
has codified this section as a new section of KRS Chapter 286.
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