Violation of State or Federal Law, Regulation, or Rule; Enforcement

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Sec. 301. (1) A violation of a state or federal law, regulation, or rule applicable to first lien mortgage transactions is a violation of this article.

(2) The department may enforce penalty provisions set forth in 15 U.S.C. 1640 for violations of disclosure requirements applicable to first lien mortgage transactions.

As added by P.L.145-2008, SEC.20.


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