1. (1) A person who violates this chapter or who files materially false information with a registration or renewal under Section 7-23-201 is:

   1. (a) guilty of a class B misdemeanor, except for a violation of:

      1. (i) Subsection 7-23-401(1)(f)(i), (ii), or (iii); or
      2. (ii) rules made under Subsection 7-23-501(2)(b); and
   2. (b) subject to revocation of a person's registration under this chapter.

2. (2) Subject to Title 63G, Chapter 4, Administrative Procedures Act, if the department determines that a person is engaging in the business of cashing checks or the business of deferred deposit lending in violation of this chapter, the department may:

   1. (a) revoke that person's registration under this chapter;
   2. (b) issue a cease and desist order from committing any further violations;

   3. (c) prohibit the person from continuing to engage in the business of:

      1. (i) cashing checks; or
      2. (ii) deferred deposit lending;

   4. (d) impose an administrative fine not to exceed $1,000 per violation, except that:

      1. (i) a fine imposed under Subsection 7-23-201(4) shall comply with Subsection 7-23-201(4); and
      2. (ii) the aggregate total of fines imposed under this chapter against a person in a calendar year may not exceed $30,000 for that calendar year; or
   5. (e) take any combination of actions listed under this Subsection (2).

Renumbered and Amended by Chapter 96, 2008 General Session