§ 9308. Civil penalty

101 words·~1 min read·/usc/title-31/section-9308

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A surety corporation is liable to the United States Government for a civil penalty of at least $500 but not more than $5,000 for violating section 9304, 9305, or 9306 of this title. A civil action under this section may be brought in a judicial district in which a civil action may be brought against the corporation under section 9307 of this title. A penalty imposed under this section does not affect the validity of a contract made by the surety corporation.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)

The section is substituted for 6:13 for clarity and consistency.

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U.S. Code

Civil actions and judgments against surety corporations
§ 9307

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Pub. L. 97–258
96 Stat. 1049

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§ 9308

Civil penalty

U.S.C.§ 9307

Pub. L.Pub. L. 97–258

Stat.96 Stat. 1049

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