Investment Funds, Companies and Miscellaneous Provisions Act 2005

Amendment of section 13 of Consumer Credit Act 1995.

82

82.The Consumer Credit Act 1995 is amended by substituting the following section for section 13:

“13.—(1) A person who is guilty of an offence under this Act shall be liable—

( a) on summary conviction, to a fine not exceeding €3,000 or imprisonment for a term not exceeding 12 months or both, or

( b) on conviction on indictment, to a fine not exceeding €100,000 or imprisonment for a term not exceeding 5 years or both.

(2) Where a person is convicted of an offence under this Act and there is a continuation of the offence by the person after his or her conviction, the person shall be guilty of a further offence on every day on which the contravention continues and for each such offence shall be liable—

( a) on summary conviction, to a fine not exceeding €1,000, or

( b) on conviction on indictment, to a fine not exceeding €10,000.”.