§ 1083.1. Adjustment of civil penalty amounts.
161 words·~1 min read·
/us/cfr/t12/s§ 1083.1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 penalty36,083 12 U.S.C. 5565(c)(2)(C)Tier 3 penalty1,443,275 15 U.S.C. 1717a(a)(2)Per violation2,515 15 U.S.C. 1717a(a)(2)Annual cap2,513,215 12 U.S.C. 2609(d)(1)Per failure118 12 U.S.C. 2609(d)(1)Annual cap236,451 12 U.S.C. 2609(d)(2)(A)Per failure, where intentional236 12 U.S.C. 5113(d)(2)Per violation36,439 15 U.S.C. 1639e(k)(1)First violation14,435 15 U.S.C. 1639e(k)(2)Subsequent violations28,866
(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. [90 FR 1356, Jan. 8, 2025]
Connections10 cite this · traces to 6
Cited by 10 sections
Citation graph
cites case law
§ 1083.1
Adjustment of civil penalty amounts.
Fed. Reg.×10
Cites 6Cited by 10 across 1 source