Penalties Applicable to Persons Subject to This Act

Act 356 of 1965, § 2104, under BANKING CODE OF 1965.

Act 356 of 1965, § 2104

Section 2104. Penalties Applicable to Persons Subject to This Act

(a) Violations of sections 105, 106--Any person who wilfully engages in the business of receiving deposits or money for transmission, or who wilfully establishes a place of business for such purpose, in violation of section 105 and any person whom such person represents, and any corporation which wilfully acts in a fiduciary capacity in violation of section 106, shall be guilty of a felony and shall upon conviction thereof be subject, in the case of an individual, to imprisonment for a period not exceeding two years, or a fine not exceeding ten thousand dollars ($10,000) per violation, or both, and, in the case of any other person, to a fine not exceeding five hundred thousand dollars ($500,000).

(b) Violations of section 2004 (a)--((b) deleted by amendment)

(2104 amended Oct. 24, 2012, P.L.1336, No.170)