(1) If any master commissioner or receiver fails to comply with his duties as defined by appropriate court order, he shall be guilty of a violation, and, upon conviction, shall be removed from office.
(2) If any master commissioner or receiver knowingly omits or fails to report, as required by court order or Supreme Court rule, a correct statement of the amount required to be reported, or the amount of his office expenses, or knowingly makes or subscribes any false statement concerning the same, he shall be guilty of a Class D felony, and the judgment of conviction shall declare the office vacant.