Section 10. Whoever violates section 2 or any rule or regulation promulgated thereunder shall be punished by a fine of not more than $2,000 or by imprisonment in the house of correction for not more than 2 1/2 years or by imprisonment in state prison for not more than 5 years, or both such fine and imprisonment. Each day such violation occurs or continues shall be deemed a separate offense. The penalty provision of this section shall be in addition to, and not in lieu of, any other law applicable to a licensee or other person for violating section 2 or any rule or regulation made thereunder.
Structure Massachusetts General Laws
Part III - Courts, Judicial Officers and Proceedings in Civil Cases
Title IV - Certain Writs and Proceedings in Special Cases
Chapter 255e - Licensing of Certain Mortgage Lenders and Brokers
Section 2 - Mortgage Broker or Lender License Requirement; Exempted Entities
Section 3 - License Application; Multi-State Licensing System
Section 4 - Issuance of License by Commissioner; Notice of License Denial; Appeal
Section 5 - Information on License; Changes; Notice Requirements
Section 6 - License Suspension or Revocation; Notice and Hearing
Section 8 - Annual Report; Examination of Business Records
Section 9 - Civil Actions Filed by Commissioner
Section 11 - Penalties; No Limitation on Civil Action; Review