§ 801.409. Penalties.
60 words·~1 min read·
/us/cfr/t31/s§ 801.409·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Any person who fails to comply with the requirements of § 801.401 may be liable to the United States for a civil penalty not to exceed the value of the pilot program covered transaction.
(b)The provisions of § 800.801(a), (d), (e), (f), (g), and
(h)shall apply to a declaration submitted to the Committee pursuant to § 801.401.