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Penalty Policy in relation to relevant Letting Agency Legislation

Appendix 8: financial penalty in the case of breach of in respect of a failure to obtain membership of a client money protection scheme

The tables gives the starting points, minimum and maximum financial penalties for each harm category and level of culpability. Where exceptional circumstances apply Stockton-on-Tees Borough Council may reduce the minimum penalties further but may not increase them above the maximum permitted level of £30,000.

Low culpability

Harm category numberStarting pointMinimumMaximum

Harm category 3

3,500

2,000

8,000

Harm category 2

6,500

4,000

10,000

Harm category 1

8,500

4,500

15,000

 

Medium culpability

Harm category numberStarting pointMinimumMaximum

Harm category 3

6,500

4,750

17,000

Harm category 2

10,500

5,000

20,000

Harm category 1

12,500

5,500

22,000

 

High culpability

Harm category numberStarting pointMinimumMaximum

Harm category 3

10,500

5,500

20,000

Harm category 2

15,000

6,250

24,000

Harm category 1

18,000

7,000

26,000

 

Very high culpability

Harm category numberStarting pointMinimumMaximum

Harm category 3

15,000

7,000

24,000

Harm category 2

17,500

7,250

28,000

Harm category 1

20,000

7,500

30,000

 

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