Ind. Admin. Code tit. 750, r. 10-2-7
Authority: IC 24-4.4-3-103; IC 24-4.5-6-104; IC 24-7-7-1; IC 24-12-10-1; IC 28-1-29- 2; IC 28-8-4.4-401; IC 28-11-1-12
Affected: IC 24-4.4-2-404.4; IC 24-4.4-3-111; IC 24-4.5; IC 24-7-7-1; IC 24-12-5-1; IC 28-1-29-13; IC 28-7-5-38.1; IC 28-8-4.1-1105; IC 28-8-5-24
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) | 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) | Violations of the First Lien Mortgage Act | $2,500 |
| IC 24-4.5-4-108(6) | 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) | Violations of the Uniform Consumer Credit Code | $5,000 |
| IC 24-4.5-6-122(c) | 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) | 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 |
(Department of Financial Institutions; 750 IAC 10-2-7; filed Mar 26, 2024, 11:00 a.m.: 20240424-IR- 750230837FRA)