Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-05 - Division of Regulatory Boards
Chapter 0780-05-17 - CREDIT SERVICES BUSINESSES
Section 0780-05-17-.03 - CIVIL PENALTIES

Universal Citation: TN Comp Rules and Regs 0780-05-17-.03

Current through September 24, 2024

(1) The Commissioner may, in addition to or in lieu of any other disciplinary action, assess civil penalties for each separate violation of statutes, rules or orders enforceable by the Commissioner in accordance with the following schedule:

Violation

Penalty

T.C.A. § 47-18-1003

$0 - $1,000

T.C.A. § 47-18-1004

$0 - $1,000

T.C.A. § 47-18-1005

$0 - $1,000

T.C.A. § 47-18-1006

$0 - $1,000

T.C.A. § 47-18-1007

$0 - $1,000

T.C.A. § 47-18-1010

$0 - $1,000

T.C.A. § 47-18-1011

$0 - $1,000

Tenn. Comp. R. & Regs. § 0780-05-17

$0 - $1,000

(2) Each day of a continuing 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 noncompliance; and

(e) The interest of the public.

Authority: T.C.A. § 56-1-308.

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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