(b)

1. (1) The Secretary of State may offer to the respondent a consent agreement in lieu of a hearing.
2. (2) The respondent shall have until the date specified to accept the consent agreement.
3. (3) Upon the execution of the consent agreement by both the Secretary of State and the respondent, the consent agreement shall be considered a final adjudication on the matter.
4. (4) Upon rejection of the consent agreement or the termination of the specified due date for acceptance, the Secretary of State shall issue a notice of hearing to the respondent as soon as practicable.

(c) Penalties for any violation of Arkansas Code § 21-8-1101 et. seq. shall be:

1. (1) Up to five hundred dollars ($500) for any single violation;
2. (2) Up to two thousand dollars ($2,000) for willful or repeated violations of this part or the authorizing act.