Fine and/or imprisonment for willful violation—consumer loans

Any person who willfully violates any provision of this chapter or who willfully violates any regulation or order adopted pursuant to this chapter, must upon conviction, be punished by a fine of not more than $10,000 or by imprisonment for not more than one year, or by both. However, no person may be imprisoned for the violation of any regulation or order unless the person had knowledge of the regulation or order. Conviction, under this section, does not preclude the Board from exercising the authority in section 827.