Guam § 36313 - Enforcement Authorities, Violations and Penalties.

§ 36313. Enforcement Authorities, Violations and Penalties.

(a) In order to ensure the effective supervision and enforcement of this

Act, the Commissioner may, pursuant to the Administrative Adjudication

Law:

(1) Deny, suspend, revoke, condition or decline to renew a

license for a violation of this Act, rules or regulations issued under this

Act, or order or directive entered under this Act.

(2) Deny, suspend, revoke, condition or decline to renew a

license if an applicant or licensee fails at any time to meet the

requirements of § 36306 or § 36309 of this Act, or withholds

information or makes a material misstatement in an application for a

license or renewal of a license.

(3) Order restitution against persons subject to this Act for

violations of this Act.

(4) Impose fines on persons subject to this Act pursuant to

Subsections (b), (c) and (d) of this Section.

(5) Issue orders or directives under this Act as follows:

(A) Order or direct persons subject to this Act to cease and

desist from conducting business, including immediate temporary

orders to cease and desist.

(B) Order or direct persons subject to this Act to cease any

harmful activities or violations of this Act, including immediate

temporary orders to cease and desist.

(C) Enter immediate temporary orders to cease business

under a license or interim license issued pursuant to the authority

granted under § 36304 (e) of this Act if the Commissioner

determines that such license was erroneously granted or the

licensee is currently in violation of this Act;

(D) Order or direct such other affirmative action as the

Commissioner deems necessary.

(b) The Commissioner may impose a civil penalty on a mortgage loan

originator or person subject to this Act, if the Commissioner finds, on the

record after notice and opportunity for hearing, that such mortgage loan

originator or person subject to this Act has violated or failed to comply with

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any requirement of this Act or any regulation prescribed by the

Commissioner under this Act or order issued under authority of this Act.

(c) The maximum amount of penalty for each act or omission

described in Subsection (b) of this Section shall be Twenty-five Thousand

Dollars ($25,000).

(d) Each violation or failure to comply with any directive or order of

the Commissioner is a separate and distinct violation or failure.