What is the criminal penalty for conducting PPO business without a license?

The criminal penalty for conducting PPO (Personal Property Operations) business without a license is classified as an infraction, which incurs a fine of $1,000. This classification reflects the legal framework for non-compliance, where conducting business without the appropriate licensing poses risks to consumer protection and market regulation.

The penalty is set as an infraction rather than a misdemeanor or felony, which means it is considered less severe and does not carry the potential for jail time, focusing instead on monetary penalties. This ensures that the regulatory framework encourages compliance through financial repercussions while avoiding harsher criminal penalties that may be reserved for more serious violations. The specified fine amount underscores the seriousness with which unlicensed operations are treated, aiming to deter individuals from conducting PPO business without proper authorization.