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Searching 2021-2022 Session

The Vermont Statutes Online


Title 8 : Banking and Insurance


Subchapter 006 : Compliance with Federal Laws and Regulations

(Cite as: 8 V.S.A. § 10603)
  • § 10603. Penalty

    The Commissioner, in addition to using any other power exercisable by the Commissioner under this title, may:

    (1) impose an administrative penalty of not more than $1,000.00 for each violation upon any person who violates or participates in a violation of any law or regulation described in this subchapter;

    (2) impose an administrative penalty in an amount greater than the amount prescribed in subdivision (1) of this section if a greater amount is prescribed in the federal law or regulation violated;

    (3) order any person to make restitution to any person injured as a result of any violation of this subchapter; and

    (4) order any person to cease violating this subchapter. (Added 2005, No. 18, § 1.)