What is the administrative fine for a first-time violation for non-compliance related to the Residential Recovery Fund?

The administrative fine for a first-time violation regarding non-compliance related to the Residential Recovery Fund is set at a maximum of $100. This reflects the regulatory intent to impose a relatively low financial penalty for initial infractions, which is designed to encourage compliance without being excessively punitive. Such an approach aligns with a focus on education and remediation, allowing contractors an opportunity to rectify their compliance issues without facing overwhelming financial burdens. Other options present higher penalties which may apply to subsequent violations or different types of infractions, but for a first-time offense, the fine remains capped at this lower threshold to facilitate compliance and foster a cooperative relationship between regulators and contractors.