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CFR Regulation

CIVIL PENALTY ADJUSTMENTS

Citation
12 CFR Part 1083
Current through
Sections
1
§ 1083.1Adjustment of civil penalty amounts.

(a) The maximum amount of each civil penalty within the jurisdiction of the Consumer Financial Protection Bureau 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 )

Law

Penalty description

Adjusted

maximum civil

penalty amount

12 U.S.C. 5565(c)(2)(A)

Tier 1 penalty

$7,217

12 U.S.C. 5565(c)(2)(B)

Tier 2 penalty

36,083

12 U.S.C. 5565(c)(2)(C)

Tier 3 penalty

1,443,275

15 U.S.C. 1717a(a)(2)

Per violation

2,515

15 U.S.C. 1717a(a)(2)

Annual cap

2,513,215

12 U.S.C. 2609(d)(1)

Per failure

118

12 U.S.C. 2609(d)(1)

Annual cap

236,451

12 U.S.C. 2609(d)(2)(A)

Per failure, where intentional

236

12 U.S.C. 5113(d)(2)

Per violation

36,439

15 U.S.C. 1639e(k)(1)

First violation

14,435

15 U.S.C. 1639e(k)(2)

Subsequent violations

28,866

(b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 2025, whose associated violations occurred on or after November 2, 2015.

1 sections

Cite this law

CIVIL PENALTY ADJUSTMENTS (U.S.C.). Retrieved via LawPlayer, https://lawplayer.com/us/act/cfr-title-12-part-1083

United States government works (U.S. Code, Code of Federal Regulations) are in the public domain under 17 U.S.C. § 105.

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