§ 19-33-10. Fines.
(a) The director, after an administrative hearing pursuant to chapter 35 of title 42, may issue fines upon a finding that the registrant violated the provisions of this chapter, or any regulation or order lawfully made pursuant to this chapter; or take any other action provided for in this chapter.
(b) Any student loan servicer or the members, officers, directors, agents, and employees of any student loan servicer who or that violate or participate in the violation of any of the applicable provisions of this chapter, or any regulation promulgated thereunder, shall be punished by a fine of not more than two thousand dollars ($2,000) per violation. Each student education loan constitutes a separate offense.
History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-33 - Student Loan Bill of Rights Act
Section 19-33-2. - Definitions.
Section 19-33-3. - Borrower assistance, education, and complaints.
Section 19-33-4. - Registration of student loan servicers.
Section 19-33-5. - Servicer registration account established.
Section 19-33-6. - Maintenance of records.
Section 19-33-7. - Reporting requirements.
Section 19-33-8. - Responsibilities of student loan servicers.
Section 19-33-9. - Examinations.
Section 19-33-11. - Appeal and review.
Section 19-33-12. - Prohibited conduct.
Section 19-33-13. - Investigation and enforcement.
Section 19-33-14. - Private actions.
Section 19-33-15. - Student loan consumer protection account established.