§ 307. Penalties. 1. Any person who shall wilfully violate any
provision of this article shall be guilty of a misdemeanor and upon
conviction shall be punished by a fine not exceeding five hundred
dollars.

2. A wilful violation of sections three hundred two or three hundred
three by any person shall bar his recovery of any credit service charge,
delinquency or collection charge or refinancing charge on the retail
instalment contract involved.

3. Notwithstanding the provisions of this section any failure to
comply with any provision of this article may be corrected within ten
days after the holder is notified thereof in writing by the buyer, or,
in the absence of such notice, the seller or holder may voluntarily
correct any such failure to comply and, if so corrected, neither the
seller nor the holder shall be subject to any penalty under subdivision
two of this section.