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e-CFR data is current as of July 13, 2020

Title 12Chapter X → Part 1083


Title 12: Banks and Banking


PART 1083—CIVIL PENALTY ADJUSTMENTS


Contents
§1083.1   Adjustment 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   Adjustment 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)

LawPenalty descriptionAdjusted
maximum
civil penalty
amount
12 U.S.C. 5565(c)(2)(A)Tier 1 penalty$5,883
12 U.S.C. 5565(c)(2)(B)Tier 2 penalty29,416
12 U.S.C. 5565(c)(2)(C)Tier 3 penalty1,176,638
15 U.S.C. 1717a(a)(2)Per violation2,050
15 U.S.C. 1717a(a)(2)Annual cap2,048,915
12 U.S.C. 2609(d)(1)Per failure96
12 U.S.C. 2609(d)(1)Annual cap192,768
12 U.S.C. 2609(d)(2)(A)Per failure, where intentional193
12 U.S.C. 5113(d)(2)Per violation29,707
15 U.S.C. 1639e(k)(1)First violation11,767
15 U.S.C. 1639e(k)(2)Subsequent violations23,533

(b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 2020, whose associated violations occurred on or after November 2, 2015.

[85 FR 2014, Jan. 14, 2020]

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