32-7B-17.4 — Order to pay fine or suspend or revoke license upon failure to comply with cease anddesist order--Deposit of monetary penalties.

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     32-7B-17.4.   Order to pay fine or suspend or revoke license upon failure to comply with cease and desist order--Deposit of monetary penalties. If a dealer fails to comply with a cease and desist order issued pursuant to § 32-7B-17.1, the secretary may issue an order which:
             (1)      Imposes a monetary penalty on the dealer of five hundred dollars for each violation of the cease and desist order;
             (2)      Suspends dealer's license for not more than thirty days; or
             (3)      Revokes the dealer's license.
     All monetary penalties collected pursuant to this section shall be deposited into the state motor vehicle fund.

Source: SL 2005, ch 162, § 34.