New Jersey § 45:15-16

§ 45:15-16.

a. Any broker, broker-salesperson or salesperson who violates the provisions of this

act shall, in addition to the penalties set forth herein, be subject to the penalties

as set forth in R.S.45:15-17 . b. Any person who violates any provision of this act or any person who, in an application

for registration filed with the commission, makes any untrue statement of a material

fact or omits to state a material fact shall be fined not less than $250, nor more

than $50,000, per violation. c. The commission may levy and collect the penalties set forth in subsection b. of

this section after affording the person alleged to be in violation of this act an

opportunity for a hearing in accordance with the “Administrative Procedure Act,” P.L.1968,

c. 410 ( C.52:14B-1 et seq. ) on the alleged violations and a finding by the commission that the person is guilty

of the violation. When a penalty levied by the commission has not been satisfied within 30 days of

the levy, the penalty may be sued for and recovered by, and in the name of, the commission

in a summary proceeding pursuant to the “Penalty Enforcement Law of 1999,” P.L.1999, c. 274 ( C.2A:58-10 et seq. ). d. The commission may, in the interest of justice, compromise any civil penalty, if

in its determination the gravity of the offense does not warrant the assessment of

the full fine.