12 C.F.R. Subpart E—Civil Money Penalty Inflation Adjustments
Title 12 - Banks and Banking
Source: 70 FR 51243, Aug. 30, 2005, unless otherwise noted.
The maximum amount of each civil money penalty within OFHEO's jurisdiction is adjusted in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 (28 U.S.C. 2461 note) as follows: The inflation adjustments in §1780.80 apply to civil money penalties assessed in accordance with the provisions of 12 U.S.C. 4636 for violations occurring after the effective date, August 30, 2005.
Title 12: Banks and Banking
PART 1780—RULES OF PRACTICE AND PROCEDURE
Subpart E—Civil Money Penalty Inflation Adjustments
§ 1780.80 Inflation adjustments.
------------------------------------------------------------------------ New adjusted maximum U.S. code citation Description penalty amount------------------------------------------------------------------------12 U.S.C. 4636(b)(1)........ First Tier....... 6,50012 U.S.C. 4636(b)(2)........ Second Tier 11,000 (Executive Officer or Director).12 U.S.C. 4636(b)(2)........ Second Tier 32,500 (Enterprise).12 U.S.C. 4636(b)(3)........ Third Tier 130,000 (Executive Officer or Director).12 U.S.C. 4636(b)(3)........ Third Tier 1,275,000 (Enterprise).------------------------------------------------------------------------
§ 1780.81 Applicability.
