Order to pay fine or suspend or revoke license upon failure to comply with cease and desist order--Deposit of monetary penalties

If a dealer fails to comply with a cease and desist order issued pursuant to § 32-6C-14.1 , the secretary may issue an order which: (1) Imposes a monetary penalty on the dealer of five hundred dollars for each violation of the cease and desist order; (2) Suspends dealer's license for not more than thirty days; or (3) Revokes the dealer's license. All monetary penalties collected pursuant to this section shall be deposited into the state motor vehicle fund. Source: SL 2005, ch 162 , § 14.