Penalties

Act 6 of 1974, § 505, under LOAN INTEREST AND PROTECTION LAW (USURY LAW).

Act 6 of 1974, § 505

Section 505. Penalties.--(a) Any person who knowingly and intentionally violates the provisions of this act shall be guilty of a misdemeanor of the third degree.

(b) Any person who violates a provision of this act shall be subject to a fine levied by the department of ten thousand dollars ($10,000) per offense.

(505 amended July 8, 2008, P.L.824, No.57)