Violations — Cease and Desist Orders — Penalties

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Industrial Loan and Thrift Companies
  5. Supervision by Commissioner
  6. Violations — Cease and Desist Orders — Penalties

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If, after notice and opportunity for a hearing, the commissioner finds that a person has violated this chapter, or any administrative rule issued pursuant to this chapter, the commissioner may take any or all of the following actions:

  1. Order the person to cease and desist violating this chapter or any administrative rule issued pursuant to this chapter;
  2. Require the refund of any interest, fees, or charges collected by the person in violation of this chapter or any administrative rule issued pursuant to this chapter; and
  3. Order the person to pay the commissioner a civil monetary penalty of not more than ten thousand dollars ($10,000) for each violation of this chapter or administrative rule issued pursuant to this chapter.


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