§485-20.5  Civil penalty.  (a)  The commissioner may bring an action to recover a civil penalty against any person who violates this chapter or who has knowingly violated a rule or order of the commissioner made pursuant to this chapter.  A civil penalty of not more than $100,000 may be assessed for each violation.

     (b)  No civil action shall be brought under this chapter after the expiration of five years from the date of the violation or after expiration of two years from the discovery of facts constituting the violation, but in no event after the expiration of seven years from the date of the violation. [L 1985, c 100, §3; am L 1991, c 30, §3]