Tier | Conduct | Fine Amount |
Tier 1 | For each identified act or omission related to information disclosure, information reporting, advertising, document maintenance, or other similar statutory and regulatory requirements. | A fine not to exceed $1,000 per violation except as provided for in Tier 3. |
Tier 2 | For each identified act or omission related to the terms of a loan, additional fees, costs, or charges, ancillary products, security interests, underwriting, servicing, collection or any other act or omission not expressly covered by Tiers 1 or 3. | A fine not to exceed $5,000 per violation except as provided for in Tier 3. |
Tier 3 | Any action or omission that is an intentional or reckless violation of the Act regardless of type. | A fine not to exceed $10,000 per violation. |
Ill. Admin. Code tit. 38, § 110.155