1. (1) The Tennessee State Board of Accountancy may, in addition to or in lieu of any other lawful disciplinary action, assess civil penalties for each separate violation of statutes, rules or orders enforceable by the Board in accordance with the following schedule: Violation Penalty Tenn. Code Ann. § 62-1-111(a)(1) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(2) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(3) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(4) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(5) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(6) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(7) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(8) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(9) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(10) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(11) $0-$1000 Tenn. Code Ann. § 62-1-111(a)(12) $0-$1000
2. (2) Each day of continued violation may constitute a separate violation.

3. (3) In assessing civil penalties, the following factors may be considered.

   1. (a) Whether the amount imposed will be a substantial economic deterrent to the violator.
   2. (b) The circumstances leading to the violation.
   3. (c) The severity of the violation and the risk of harm to the public.
   4. (d) The economic benefits gained by the violator as a result of non-compliance.
   5. (e) The interest of the public.

Authority: T.C.A. §§ 56-1-308, 62-1-105, 62-1-111, and 62-1-117. Administrative History: Original rule filed June 9, 1981; effective August 18, 1981. Amendment filed December 1, 1987; effective January 15, 1988. Amendment filed May 11, 1995; effective July 24, 1995. Repeal and new rule filed June 10, 1999; effective August 24, 1999. Amendment filed August 15, 2006; effective October 29, 2006.