The Act Governing Bills Finance Business Article 60

In the event of a violation of Article 49 [of this Act] that shall apply mutatis mutandis to Articles 32, 33, 33-2 or 33-4 of the Banking Act, the person(s) responsible for the violation shall be punishable by imprisonment for not more than three (3) years, or detention, and/or a fine of not less than five million New Taiwan Dollars (NT$5,000,000) and not more than twenty-five million New Taiwan Dollars (NT$25,000,000).In the event that the amount of credit extended by a Bills Company exceeds the maximum amount prescribed by the Competent Authority under Article 49 [of this Act] that shall apply mutatis mutandis to Article 33, Paragraph 1, of the Banking Act, without obtaining approval from not less than three-quarters of the directors present at a board meeting at which not less than two-thirds of the directors are present, or a violation of the credit limit or total outstanding credit as prescribed by the Competent Authority under Article 49 [of this Act] that shall apply mutatis mutandis to Article 33, Paragraph 2, of the Banking Act, the person(s) responsible for the violation shall be punishable by a fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than twenty million New Taiwan Dollars (NT$20,000,000) and the preceding paragraph shall not apply.