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November 18, 2024 Clouds | 49°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 2F: Violations of cease and desist orders; penalties

Section 2F. Any bank which violates a cease and desist order of the commissioner under section two D after it has become final, and while such order is in effect, shall forfeit and pay to the commonwealth a sum not to exceed ten thousand dollars for each violation, which sum may be recovered in a civil action. Upon order of the commissioner, such bank shall also be subject to the suspension or revocation of its charter or such other relief as is reasonable and appropriate.