§ 1080 Bank Penalty Enforcement

• •Banks must obey every rule in this chapter.
• •Banks must follow any order the commissioner gives them.
• •If they don't, the commissioner can charge them a penalty under Section 329.

A bank refuses to give a customer their money after the commissioner tells them to, or it doesn't follow a new reporting rule.

Because the bank didn't follow the rule or the order, the commissioner can put a penalty on the bank just like a fine.