12 C.F.R. § 747.1001 Adjustment of civil money penalties by the rate of inflation.
Title 12 - Banks and Banking
(a) NCUA is required by the Federal Civil Penalties Inflation Adjustment Act of 1990 (Public Law 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note)) to adjust the maximum amount of each civil money penalty within its jurisdiction by the rate of inflation. The following chart displays those adjustments, as calculated pursuant to the statute: (b) The adjustments displayed in paragraph (a) of this section apply to acts occurring beginning on November 1, 2004. [69 FR 60080, Oct. 7, 2004]
Title 12: Banks and Banking
PART 747—ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS
Subpart K—Inflation Adjustment of Civil Monetary Penalties
§ 747.1001 Adjustment of civil money penalties by the rate of inflation.
------------------------------------------------------------------------ U.S. Code citation CMP description New maximum amount------------------------------------------------------------------------(1) 12 U.S.C. 1782(a)(3)........ Inadvertent $22,000. failure to submit a report or the inadvertent submission of a false or misleading report.(2) 12 U.S.C. 1782(a)(3)........ Non-inadvertent $22,000. failure to submit a report or the non-inadvertent submission of a false or misleading report.(3) 12 U.S.C. 1782(a)(3)........ Failure to submit $1,175,000 or 1 a report or the percent of the submission of a total assets of false or the credit union, misleading report whichever is done knowingly or less. with reckless disregard.(4) 12 U.S.C. 1782(d)(2)(A)..... First tier........ $2,200.(5) 12 U.S.C. 1782(d)(2)(B)..... Second tier....... $22,000.(6) 12 U.S.C. 1782(d)(2)(C)..... Third tier........ $1,175,000 or 1 percent of the total assets of the credit union, whichever is less.(7) 12 U.S.C. 1785(e)(3)........ Non-compliance $110. with NCUA security regulations.(8) 12 U.S.C. 1786(k)(2)(A)..... First tier........ $6,500.(9) 12 U.S.C. 1786(k)(2)(B)..... Second tier....... $32,500.(10) 12 U.S.C. 1786(k)(2)(C).... Third tier........ For a person other than an insured credit union: $1,250,000; For an insured credit union $1,250,000 or 1 percent of the total assets of the credit union, whichever is less.(11) 42 U.S.C. 4012a(f)......... Per violation..... $385 Per calendar year. $120,000.------------------------------------------------------------------------
