In addition to any other powers conferred by this chapter, the commissioner shall have the power to:
The commissioner may impose a civil money penalty of not more than One Thousand Dollars ($1,000.00) for each violation by any authorized trust institution, or subsidiary thereof, or any director, officer, or employee of an order issued under paragraph (1) of subsection (a) of this section. In addition, the commissioner may impose a civil money penalty of not more than One Thousand Dollars ($1,000.00) per day for each day that an authorized trust institution, or subsidiary thereof, or any director, officer, or employee violates a cease and desist order issued under paragraph (2) or (3) of subsection (a) of this section. All civil money penalties collected under this section shall be deposited in the State General Fund.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 27 - Multistate, State and Limited Liability Trust Institutions
Article 7 - Enforcement Actions
Enforcement Orders; Trust Company Management
§ 81-27-7.101. Administrative orders; penalties for violation
§ 81-27-7.102. Notice and opportunity for hearing
§ 81-27-7.103. Subpoena power and examination under oath