§97-7  Penalties; administrative fines. (a)  Any person who:

(1)  Wilfully fails to file any statement or reportrequired by this chapter;

(2)  Wilfully files a statement or report containingfalse information or material omission of any fact;

(3)  Engages in activities prohibited by section 97-5;or

(4)  Fails to provide information required by section97-2 or 97-3;

shall be subject to an administrative fine imposedby the commission that shall not exceed $500 for each violation of thischapter.  All fines collected under this section shall be deposited into thegeneral fund.

(b)  No fine shall be assessed unless:

(1)  The commission convenes a hearing in accordancewith section 97-6(c) and chapter 91; and

(2)  A decision has been rendered by the commission.[L 1975, c 160, pt of §1; am L 1980, c 129, §1(h); am L 1995, c 220, §8; am L2001, c 146, §2]