Civil Penalties

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Check Cashing Act
  5. Civil Penalties

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If, after notice and an opportunity for a hearing, the commissioner finds that a person has violated this chapter or a rule adopted under this chapter, the commissioner may, in addition to all other powers conferred in this chapter:

  1. Order the person to cease and desist violating the chapter or its rules and require the refund of any fees collected by the person in violation of this chapter; and
  2. Order the person to pay to the commissioner a civil penalty in an amount specified by the commissioner, not to exceed one thousand dollars ($1,000) for each violation or, in the case of a continuing violation, one thousand dollars ($1,000) for each day that the violation continues.


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