(1) The department is authorized to assess civil fines to the credit union for violation of any of the following: (a) Any material provision of this chapter or related rules; (b) Any final or temporary order, including a cease and desist, suspension, removal, or prohibition order; (c) Any supervisory agreement; (d) Any condition imposed in writing in connection with the grant of any application or other request; or (e) Any other written agreement entered into with the director. (2) At the option of the director, a violation of this section subjects the violator to a fine of up to ten thousand dollars per violation. A continuing violation shall be considered a single violation for this purpose. The fine is payable upon issuance of any order or directive of the director, and may be recovered by the attorney general in a civil action in the name of the department. (3) The department is authorized to adopt rules for the implementation of this section.
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