Disclosure violations.

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(1) A person is guilty of a misdemeanor, and upon conviction thereof, shall be punished by a fine of not more than five thousand dollars, or by imprisonment in the county jail for not more than one year, or by both such fine and imprisonment if such person willfully and knowingly:

  1. Gives false or inaccurate information or fails to provide information that such personis required to disclose under the provisions of this code on disclosure and advertising or of any related rule of the administrator adopted pursuant to this code;

  2. Uses any rate table or chart in a manner which consistently understates the annualpercentage rate determined according to those provisions; or

  3. Otherwise fails to comply with any requirement of the provisions of this code ondisclosure and advertising or of any related rule of the administrator adopted pursuant to this code.

Source: L. 2000: Entire article R&RE, p. 1244, § 1, effective July 1.

Editor's note: This section is similar to former § 5-5-302, as it existed prior to 2000.


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