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What happens when a report is filed late?

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What happens when a report is filed late?

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If a report is not filed within one week after the due date, and the filer has not been granted an extension, the late filer is subject to a fine of $250. Failure to pay the fine when requested constitutes an intentional violation of the financial disclosure law. A violation is a misdemeanor, and is also punishable by disciplinary action and a civil fine of up to $10,000.

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