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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter X - Bureau of Consumer Financial Protection |
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Part 1083 - Civil Penalty Adjustments |
§ 1083.1 - Adjustment of civil penalty amounts.
Latest version.
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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)
Law Penalty description Adjusted
maximum civil
penalty amount12 U.S.C. 5565(c)(2)(A) Tier 1 penalty $6$7,813 034 12 U.S.C. 5565(c)(2)(B) Tier 2 penalty 3435,065 169 12 U.S.C. 5565(c)(2)(C) Tier 3 penalty 1,362406,567 728 15 U.S.C. 1717a(a)(2) Per violation 2,374 451 15 U.S.C. 1717a(a)(2) Annual cap 2,372449,677 575 12 U.S.C. 2609(d)(1) Per failure 111 115 12 U.S.C. 2609(d)(1) Annual cap 223230,229 464 12 U.S.C. 2609(d)(2)(A) Per failure, where intentional 223 230 12 U.S.C. 5113(d)(2) Per violation 3435,401 516 15 U.S.C. 1639e(k)(1) First violation 1314,627 069 15 U.S.C. 1639e(k)(2) Subsequent violations 2728,252135 (b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 20232024, whose associated violations occurred on or after November 2, 2015.