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2012 Kentucky Revised Statutes
CHAPTER 286 KENTUCKY FINANCIAL SERVICES CODE
SUBTITLE 8. Mortgage Loan Companies and Brokers
8..046 Civil penalty for violation of subtitle, administrative regulation, or order -- Order for restitution, refund, recovery of expenses.


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286.8-046 Civil penalty for violation of subtitle, administrative regulation, or order -- Order for restitution, refund, recovery of expenses. (1) (2) The commissioner may levy a civil penalty against any person who violates any provision of or any 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 ($1,000) nor more than twenty-five thousand dollars ($25,000) per violation, plus the state's costs and expenses for the examination, investigation, and prosecution of the matter, including reasonable attorney's fees and court costs. The commissioner may order restitution, refund, recovery of expenses, or direct such other affirmative action as the commissioner deems necessary against any person who violates any order issued by the commissioner or any provision of, or administrative regulation promulgated under, this subtitle. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 769, effective July 15, 2010. -- Amended 2009 Ky. Acts ch. 104, sec. 8, effective June 25, 2009. -- Created 2008 Ky. Acts ch. 175, sec. 25, effective April 24, 2008.
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