1. (a) If, after a hearing described in section 13(b) of this chapter, the department finds that the conditions specified in section 12 of this chapter have been established, the department may issue a final order. If a hearing is not requested within the time specified in section 13(b) of this chapter, the director may issue a final order on the basis of the facts set forth in the written notice served under section 12(a) of this chapter.
2. (b) Unless the director has entered into a consent agreement described in section 14 of this chapter, a final order must include separately stated findings of fact and conclusions of law for all aspects of the order.

3. (c) In a final order under this section, the department or the director, as appropriate, may order one (1) or more of the following with respect to an officer, a director, or a manager of a creditor:

   1. (1) The removal of the officer, director, or manager from the person's office, position, or employment.
   2. (2) A prohibition against any participation by the officer, director, or manager in the conduct of the affairs of any creditor.

   3. (3) If the subject of the order is an officer or a director of a creditor, and subject to section 17 of this chapter, the imposition of a civil penalty not to exceed fifteen thousand dollars ($15,000) for each practice, violation, or act that:

      1. (A) is described in section 12 of this chapter; and
      2. (B) is found to exist by the department or the director.
4. (d) A final order shall be issued in writing not later than ninety (90) days after conclusion of a hearing held under section 13(b) of this chapter, unless this period is waived or extended with the written consent of all parties or for good cause shown.
5. (e) If the officer, director, or manager does not appear individually or by an authorized representative at a hearing held under section 13(b) of this chapter, the officer, director, or manager is considered to have consented to the issuance of a final order.

6. (f) The remedies provided in this chapter are in addition to other remedies contained in this article.

   [Pre-2026 Revision Citation: 24-4.4-2-404.4.]

As added by P.L.115-2026, SEC.97.