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Title 12 Part 1083

Title 12 → Chapter X → Part 1083

Electronic Code of Federal Regulations e-CFR

Title 12 Part 1083

e-CFR data is current as of November 14, 2019

Title 12Chapter X → Part 1083


Title 12: Banks and Banking


PART 1083—CIVIL PENALTY ADJUSTMENTS


Contents
§1083.1   Adjustments of civil penalty amounts.

Authority: 12 U.S.C. 2609(d); 12 U.S.C. 5113(d)(2); 12 U.S.C. 5565(c); 15 U.S.C. 1639e(k); 15 U.S.C. 1717a(a); 28 U.S.C. 2461 note.

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§1083.1   Adjustments of civil penalty amounts.

(a) The maximum amount of each civil penalty within the jurisdiction of the Bureau of Consumer Financial Protection to impose is adjusted in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and further amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (28 U.S.C. 2461 note), as follows:

Table 1 to Paragraph (a)

U.S. Code citationCivil penalty descriptionAdjusted
maximum civil
penalty
amount
12 U.S.C. 5565(c)(2)(A)Tier 1 penalty$5,781
12 U.S.C. 5565(c)(2)(B)Tier 2 penalty28,906
12 U.S.C. 5565(c)(2)(C)Tier 3 penalty1,156,242
15 U.S.C. 1717a(a)(2)Per violation2,014
15 U.S.C. 1717a(a)(2)Annual cap2,013,399
12 U.S.C. 2609(d)(1)Per failure94
12 U.S.C. 2609(d)(1)Annual cap189,427
12 U.S.C. 2609(d)(2)(A)Per failure, where intentional190
12 U.S.C. 5113(d)(2)Per violation29,192
15 U.S.C. 1639e(k)(1)First violation11,563
15 U.S.C. 1639e(k)(2)Subsequent violations23,125

(b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 31, 2019, whose associated violations occurred on or after November 2, 2015.

[84 FR 520, Jan. 31, 2019]

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