(a) Inflation Adjustments. In accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, 28 U.S.C. 2461 note, 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 violations occurring after the effective date of this rule.
(b) Maximum civil money penalties. The maximum civil money penalties as set forth in the referenced statutory sections are as follows:
(1) 12 U.S.C. 324:
(i) Inadvertently late, false or misleading reports, inter alia--$3,200.
(ii) Other late, false or misleading reports, inter alia--$32,000.
(iii) Knowingly or recklessly false or misleading reports, inter alia--$1,425,000.
(2) 12 U.S.C. 504, 505, 1817(j)(16), 1818(i)(2) and 1972(2)(F):
(i) First tier--$7,500.
(ii) Second tier--$37,500.
(iii) Third tier--$1,425,000.
(3) 12 U.S.C. 1820(k)(6)(A)(ii)--$275,000.
(4) 12 U.S.C. 1832(c)--$1,100.
(5) 12 U.S.C. 1847(b), 3110(a)--$37,500.
(6) 12 U.S.C. 1847(d), 3110(c):
(i) First tier--$3,200.
(ii) Second tier--$32,000.
(iii) Third tier--$1,425,000.
(7) 12 U.S.C. 334, 374a, 1884--$110.
(8) 12 U.S.C. 3909(d)--$1,100.
(9) 15 U.S.C. 78u-2:
(i) 15 U.S.C. 78u-2(b)(1)--$7,500 for a natural person and $70,000 for any other person.
(ii) 15 U.S.C. 78u-2(b)(2)--$70,000 for a natural person and $350,000 for any other person.
(iii) 15 U.S.C. 78u-2(b)(3)--$140,000 for a natural person and $700,000 for any other person.
(10) 42 U.S.C. 4012a(f)(5)--$2,000.
(11) 12 U.S.C. 1467a(i):
(i) 12 U.S.C. 1467a(i)(2)--$32,500.
(ii) 12 U.S.C. 1467a(i)(3)--$32,500.
(12) 12 U.S.C. 1467a(r):
(i) 12 U.S.C. 1467a(r)(1)--$3,200.
(ii) 12 U.S.C. 1467a(r)(2)--$32,500.
(iii) 12 U.S.C. 1467a(r)(3)--$1,425,000. [77 FR 68681, Nov. 16, 2012] Subpart D_Rules and Procedures Applicable to Suspension or Removal of an
Institution-Affiliated Party Where a Felony is Charged or Proven