If:

1. (1) a breach is not corrected within the time fixed by the order of correction or is not corrected within the time fixed by the plan of correction; and

2. (2) an extension has not been granted under section 9 of this chapter;

   the commissioner may find a new breach that may be subject to the imposition of additional penalties as the class would warrant.

   [Pre-1993 Recodification Citation: 16-10-4-17(f).]

As added by P.L.2-1993, SEC.11.