12 C.F.R. PART 1411—RULES OF PRACTICE AND PROCEDURE


Title 12 - Banks and Banking


Title 12: Banks and Banking

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PART 1411—RULES OF PRACTICE AND PROCEDURE

Section Contents

Subpart A—Rules and Procedures for Assessment and Collection of Civil Money Penalties

§ 1411.1   Inflation adjustment of civil money penalties for failure to file a certified statement, pay any premium required or obtain approval before employment of persons convicted of criminal offenses.


Authority:  Secs. 5.58(10), 5.65(c) and (d) of the Farm Credit Act; 12 U.S.C. 2277a–7(10), 2277a–14(c) and (d)); 28 U.S.C. 2461 note.

Subpart A—Rules and Procedures for Assessment and Collection of Civil Money Penalties
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§ 1411.1   Inflation adjustment of civil money penalties for failure to file a certified statement, pay any premium required or obtain approval before employment of persons convicted of criminal offenses.
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In accordance with the Federal Civil Money Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996, a civil money penalty imposed pursuant to section 5.65(c) or (d) of the Act for a violation occurring on or after October 23, 1996 shall not exceed $117 per day for each day the violation continues.

[66 FR 44027, Aug. 22, 2001]

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