Section 4-2-8-5 - Filing materially incorrect statement or report; referral to inspector general; sanctions(a) If the department finds that:(1) a statement or report required to be filed under this chapter was materially incorrect;(2) the person filing the statement or report was requested to file a corrected statement or report; and(3) a corrected statement or report has not been filed; the department may refer the matter to the inspector general or, after a hearing conducted under IC 4-21.5-3, take action under subsection (b).
(b) If the department makes a finding under subsection (a), the department may do either or both of the following:(1) Revoke the registration of the person who has failed to file a corrected statement or report.(2) For a finding made after June 30, 2007, assess a civil penalty on the person who has failed to file a corrected statement or report of not more than five hundred dollars ($500).As added by P.L. 89-2006, SEC.15.