Section 9.6 Notice of Fine

If a violation is corrected within five (5) days of the date of the Notice of Violation, or satisfactory evidence refuting the alleged violation is submitted to CVR MLS staff within Participant’s days of the date of the Notice of Violation, the fine will be dismissed. However, repeated violation of CVR MLS Rules and Regulations may result in other fines. (See Section 9.5 Multiple Violations).

If the Participant or Subscriber fails to correct the violation(s) within Participant’s days of the Notice of Violation or submit satisfactory evidence refuting the alleged violation a “Notice of Fine” will be e-mailed to both the Participant and Subscriber. The violation must be corrected and the fine paid within five (5) days from the date of the Fine Notice subject to the Respondents right to request a hearing before the CVR MLS Compliance Committee. If the Participant or Subscriber fails to pay an assessed fine or to request a hearing within five (5) days of the Notice of Fine, the Participant or Subscriber found to be in violation will be suspended from CVR MLS and SUPRA Lockbox system until the violation has been corrected and the fine has been paid.

Article 9: COMPLIANCE AND ENFORCEMENT PROCEDURES

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