Section 5-208 - Civil penalty for failure to make report.
§ 5-208. Civil penalty for failure to make report.
(a) In general.- If a banking institution or an other-state bank fails to make any report or submit proof of publication as required by this article, the banking institution or other-state bank is subject, in the discretion of the Commissioner, to a civil penalty not exceeding $500 for each day that the report or proof is overdue.
(b) Enforcement.- The Commissioner may institute proceedings to enforce this section.
[An. Code 1957, art. 11, § 74; 1980, ch. 33, § 2; 1995, ch. 213, § 2; 1996, ch. 326, § 2; 2008, ch. 89.]