IC 4-2-8-5: Filing materially incorrect statement or report; referral to inspector general; sanctions

Sec. 5. (a) If the department finds that:

(1) a statement or report required to be filed under this chapter was materially incorrect;

(2) the person filing the statement or report was requested to file a corrected statement or report; and

(3) a corrected statement or report has not been filed;

the department may refer the matter to the inspector general or, after a hearing conducted under IC 4-21.5-3, take action under subsection (b).

(b) If the department makes a finding under subsection (a), the department may do either or both of the following:

(1) Revoke the registration of the person who has failed to file a corrected statement or report.

(2) For a finding made after June 30, 2007, assess a civil penalty on the person who has failed to file a corrected statement or report of not more than five hundred dollars ($500).