(a) NCUA is required by the Federal Civil Penalties Inflation Adjustment Act of 1990 (Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note)) to adjust the maximum amount of each civil money penalty within its jurisdiction by the rate of inflation. The following chart displays those adjustments, as calculated pursuant to the statute: ------------------------------------------------------------------------
(1) 12 U.S.C. 1782(a)(3)........ Inadvertent $2,200.
failure to submit
a report or the
inadvertent
submission of a
false or
misleading report.(2) 12 U.S.C. 1782(a)(3)........ Non-inadvertent $22,000.
failure to submit
a report or the
non-inadvertent
submission of a
false or
misleading report.(3) 12 U.S.C. 1782(a)(3)........ Failure to submit $1,300,000 or 1
a report or the percent of the
submission of a total assets of
false or the credit union,
misleading report whichever is
done knowingly or less.
with reckless
disregard.(4) 12 U.S.C. 1782(d)(2)(A)..... First tier........ $2,200.(5) 12 U.S.C. 1782(d)(2)(B)..... Second tier....... $22,000.(6) 12 U.S.C. 1782(d)(2)(C)..... Third tier........ $1,300,000 or 1
percent of the
total assets of
the credit union,
whichever is
less.(7) 12 U.S.C. 1785(e)(3)........ Non-compliance $110.
with NCUA
security
regulations.(8) 12 U.S.C. 1786(k)(2)(A)..... First tier........ $7,500.
(9) 12 U.S.C. 1786(k)(2)(B)..... Second tier....... $37,500.(10) 12 U.S.C. 1786(k)(2)(C).... Third tier........ For a person other
than an insured
credit union:
$1,375,000;
For an insured
credit union:
$1,375,000 or 1
percent of the
total assets of
the credit union,
whichever is
less.(11) 42 U.S.C. 4012a(f)......... Per violation..... $385.
Per calendar year. $130,000.------------------------------------------------------------------------
(b) The adjustments displayed in paragraph (a) of this section apply to acts occurring after the date of publication in the Federal Register. [74 FR 9351, Mar. 4, 2009]