Chapters

CHAPTER 454M MORTGAGE SERVICERS

Contents 454M-1 Definitions 454M-2 License required 454M-2.5 Unlicensed foreclosure actions voided 454M-3 Exemptions 454M-4 License; fees; renewals; voluntary surrender of license 454M-4.5 Registration with NMLS 454M-5 Duties of a mortgage servicer; disclosures; good faith 454M-6 Prohibited activities 454M-7 License sanctions; suspension, revocation, denial, condition, and refusal to renew, reinstate, or restore 454M-8 Powers of commissioner 454M-8.5 Investigation and examination authority 454M-9 Private right of action 454M-10 Penalty 454M-11 Compliance resolution fund

§454M-10 Penalty. Any person who violates any provision of this chapter may be subject to an administrative fine of not more than $7,000 for each violation; provided that $1,000 of the aggregate fine amount shall be deposited into the mortgage foreclosure dispute resolution special fund established pursuant to section 667-86. [L 2009, c 106, pt of §1; am L 2011, c 48, §11; am L 2012, c 182, §5]