Penalty. Any person or entity who violates the terms and conditions of this subsection shall be subject to a fine no less than two hundred fifty ($250) dollars and no more than one thousand ($1,000) dollars for each such violation. Each separate day that a violation continues, meaning for each separate day that the escrow account remains deficient, shall be considered a separate and distinct violation.
Editor's Note: See also § 15-15, Escrow Funds.