750 IAC 10-2-7 Civil penalty schedule for check cashers; civil proceeding advance payment providers; debt management, consumer credit loan, money transmitter, mortgage lending, pawnbroker, and small loan licensees; mortgage loan originators; nonlender and rental purchase registrants

Sec. 7. The schedule of civil penalties for violations of the following statutes is as follows: Legal Citation General Description of Violation Base Violation IC 24-4.4-2-404.4(3)(c) [NOTE: IC 24-4.4 is repealed by P.L. 115-2026, SECTION 22, effective July 1, 2026.] Violation of statute, cease and desist order, or any condition imposed in writing by the director by individuals $7,500 IC 24-4.4-3-111(2) [NOTE: IC 24-4.4 is repealed by P.L. 115-2026, SECTION 22, effective July 1, 2026.] Violations of the First Lien Mortgage Act $2,500 IC 24-4.5-4-108(6) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] Pattern or practice of refusal to issue a refund of credit insurance, GAP, or other authorized product, when a prepayment of a consumer credit sale or consumer loan is made $500 per violation IC 24-4.5-6-113(3) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] Violations of the Uniform Consumer Credit Code $5,000 IC 24-4.5-6-122(c) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] Violation of statute, cease and desist order, or any condition imposed in writing by the director upon the directors, officers, or manager of a creditor $7,500 IC 24-4.5-7-404(10) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] Violations of limits and number of amounts of outstanding small loans, lender verification requirements, and third party database requirements $50 per violation IC 24-7-7-1(b) Violations of the Rental Purchase Agreement Act $5,000 IC 24-12-5-1; Violations of the Civil Proceeding Advance Payment Act $5,000 IC 28-1-29-13(b) Violations of the debt management chapter $5,000 IC 28-1-29-13(c) Knowingly authorized, directs, or aids violations of the debt management chapter $10,000 IC 28-7-5-38.1; Violations of the pawnbroking law $5,000 IC 28-8-4.1-1105; Violations of Money Transmission Modernization Act $5,000 IC 28-8-5-24(a) Violations of the Check Cashing Act $5,000