Ind. Admin. Code tit. 750, r. 10-2-4 – Civil penalty schedule for banks, savings banks, building and loan associations, industrial authorities, trust departments, corporate fiduciaries, credit unions, and licensees under IC 24-4.4 and IC 24-4.5

Sec. 4. The schedule of civil penalties for violations of the following statutes is as follows:

Legal Citation	General Description of Violation	Base Violation
IC 28-1-20-4(m)	Violation of naming convention standards	$7,500 per day
IC 28-11-4-7; IC 28-11-4-9;	Unsafe or unsound practices or violations of law; violations by certain individuals	$500 per day

(Department of Financial Institutions; 750 IAC 10-2-4; filed Mar 26, 2024, 11:00 a.m.: 20240424-IR- 750230837FRA)