Rules & Regulations of the State of Tennessee
Title 0020 - Accountancy
Chapter 0020-04 - Disciplinary Action and Civil Penalties
Section 0020-04-.02 - CIVIL PENALTIES

Universal Citation: TN Comp Rules and Regs 0020-04-.02

Current through September 24, 2024

(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:

ViolationPenalty
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) Each day of continued violation may constitute a separate violation.

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

(a) Whether the amount imposed will be a substantial economic deterrent to the violator.

(b) The circumstances leading to the violation.

(c) The severity of the violation and the risk of harm to the public.

(d) The economic benefits gained by the violator as a result of non-compliance.

(e) The interest of the public.

Authority: T.C.A. §§ 56-1-308, 62-1-105, 62-1-111, and 62-1-117.

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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