§ 55-400. Penalties
A. Any person who willfully violates any of the provisions of §§ 55-374, 55-374.1, 55-374.2, 55-375, 55-376, 55-381, 55-385, or 55-390, or any order issued pursuant to §§ 55-396 through 55-399 shall be guilty of a Class 5 felony. Each violation shall be deemed a separate offense.
B. Any developer, member, agent or affiliate of any developer of time-shares registered pursuant to § 55-393.1, who violates any provision of this chapter or regulations promulgated pursuant to this chapter, and who is not criminally prosecuted, may be subject to a monetary penalty. If it has been determined by the Board upon or after a hearing that a respondent has violated this chapter or the Board's rules and regulations, the Board shall proceed to determine the amount of the monetary penalty for such violation, which shall not exceed $2,000 for each violation. Such penalty may be sued for and recovered in the name of the Commonwealth.
(1981, c. 462; 1983, c. 59; 1985, c. 517; 1991, c. 704.)
Sections: Previous 55-391 55-391.1 55-392 55-392.1 55-393 55-393.1 55-394 55-394.1 55-395 55-396 55-397 55-398 55-399 55-399.1 55-400Last modified: April 16, 2009