La. Admin. Code tit. 10 § XV-2011

Current through Register Vol. 50, No. 11, November 20, 2024

Section XV-2011 - Violations

A. Violations of R.S. 6:1421, et seq., or this rule include, but are not limited to, any person who:

1. has engaged, is engaging, or is about to engage in any act or practice prohibited by R.S. 6:1421, et seq., or any rule or regulation adopted under authority of R.S. 6:1424;

2. has failed to act, is failing to act or is about to fail to act under an affirmative duty provided by R.S. 6:1421, et seq., or any rule or regulation adopted under authority of R.S. 6:1424.

B. Appropriate action for violation of R.S. 6:1421, et seq., or this rule includes, but is not limited to:

1. conducting investigations and hearings to ascertain whether a violation R.S. 6:1421, et seq., has occurred;

2. issuing orders assessing civil money penalties;

3. entering into compliance agreements;

4. seeking injunctive relief from any court of competent jurisdiction; or

5. any combination of appropriate actions 1 through 4 above.

La. Admin. Code tit. 10, § XV-2011

Promulgated by the Office of the Governor, Office of Financial Institutions, LR 49, exp. 6/17/2024(Emergency), Amended LR 50521 (4/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121, R.S. 6:1421, R.S. 6:1422, R.S. 6:1423, and R.S. 6:1424.