12 C.F.R. § 263.65

Current through May 31, 2024

Section 263.65 - Civil money penalty inflation adjustments

(a)Inflation adjustments. In accordance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990, the Board has set forth in paragraph (b) of this section the adjusted maximum amounts for each civil money penalty provided by law within the Board's jurisdiction. The authorizing statutes contain the complete provisions under which the Board may seek a civil money penalty. The adjusted civil money penalties apply only to penalties assessed on or after January 12, 2024, whose associated violations occurred on or after November 2, 2015.

(b)Maximum civil money penalties. The maximum (or, in the cases of 12 U.S.C. 334 and 1832(c) , fixed) civil money penalties as set forth in the referenced statutory sections are set forth in the table in this paragraph (b).

Table 1 to Paragraph (b)

Statute	Adjusted civil money penalty
12 U.S.C. 324 :
Inadvertently late or misleading reports, inter alia	$4,899
Other late or misleading reports, inter alia	48,992
Knowingly or reckless false or misleading reports, inter alia	2,449,575
12 U.S.C. 334	356
12 U.S.C. 374a	356
12 U.S.C. 504 :
First Tier	12,249
Second Tier	61,238
Third Tier	2,449,575
12 U.S.C. 505 :
First Tier	12,249
Second Tier	61,238
Third Tier	2,449,575
12 U.S.C. 1464(v)(4)	4,899
12 U.S.C. 1464(v)(5)	48,992
12 U.S.C. 1464(v)(6)	2,449,575
12 U.S.C. 1467a(i)(2)	61,238
12 U.S.C. 1467a(i)(3)	61,238
12 U.S.C. 1467a(r) :
First Tier	4,899
Second Tier	48,992
Third Tier	2,449,575
12 U.S.C. 1817(j)(16) :
First Tier	12,249
Second Tier	61,238
Third Tier	2,449,575
12 U.S.C. 1818(i)(2) :
First Tier	12,249
Second Tier	61,238
Third Tier	2,449,575
12 U.S.C. 1820(k)(6)(A)(ii)	402,920
12 U.S.C. 1832(c)	3,558
12 U.S.C. 1847(b)	61,238
12 U.S.C. 1847(d) :
First Tier	4,899
Second Tier	48,992
Third Tier	2,449,575
12 U.S.C. 1884	356
12 U.S.C. 1972(2)(F) :
First Tier	12,249
Second Tier	61,238
Third Tier	2,449,575
12 U.S.C. 3110(a)	55,981
12 U.S.C. 3110(c) :
First Tier	4,480
Second Tier	44,783
Third Tier	2,239,210
12 U.S.C. 3909(d)	3,047
15 U.S.C. 78u-2(b)(1) :
For a natural person	11,524
For any other person	115,231
15 U.S.C. 78u-2(b)(2)
For a natural person	115,231
For any other person	576,158
15 U.S.C. 78u-2(b)(3)
For a natural person	230,464
For any other person	1,152,314
15 U.S.C. 1639e(k)(1)	14,069
15 U.S.C. 1639e(k)(2)	28,135
42 U.S.C. 4012a(f)(5)	2,661

12 C.F.R. §263.65

89 FR 2115, Jan. 12, 2024

81 FR 47007, 8/1/2016; 83 FR 1183, 1/10/2018; 84 FR 2052, 2/6/2019; 85 FR 2007, 1/14/2020; 86 FR 2528, 1/13/2021; 87 FR 2313, 1/14/2022; 88 FR 1497, 1/11/2023; 89 FR 2115, 1/12/2024