205 ILCS 731/20-70: Civil penalties.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Digital Assets and Consumer Protection Act.
(a) If a person other than a registrant has engaged, is engaging, or is about to engage in digital asset business activity with or on behalf of a resident in violation of this Act, the Department may assess a civil penalty against the person in an amount not to exceed $100,000 for each day the person is in violation of this Act.
(b) If a person violates a provision of this Act, the Department may assess a civil penalty in an amount not to exceed $25,000 for each day of violation or for each act or omission in violation, except that a fine may be imposed not to exceed $75,000 for each day of violation or for each act or omission in violation related to fraud, misrepresentation, deceit, or negligence.
(c) A civil penalty under this Section continues to accrue until the date the violation ceases.
(d) A civil penalty under this Section is cumulative to any civil penalties enforceable by the Department under any other law.
Collected 2026-09-15T04:46:29Z. Source file · JSON