§ 510.6 - Civil money penalty inflation adjustment.

Pursuant to the Federal Civil Monetary Penalties Inflation Adjustment Act of 1990 (28 U.S.C. 2461 note), as amended by the Debt Collection Improvement Act of 1996 (Pub. L. 104-134, 110 Stat. 1321-358), OTS is required to make inflationary adjustments for civil monetary penalties in statutes that it administers. The following chart displays those adjustments, as calculated pursuant to the statute:

U.S. Code citationCMP descriptionNew maximum amount12 U.S.C. 1464(v)(4) Reports of Condition—1st Tier $2,00012 U.S.C. 1464(v)(5) Reports of Condition—2nd Tier22,00012 U.S.C. 1464(v)(6) Reports of Condition—3rd Tier1,100,00012 U.S.C. 1467(d) Refusal to Cooperate in Exam5,50012 U.S.C. 1467a(i)(3) Holding Company Act Violation5,50012 U.S.C. 1467a(r)(1) Late/Inaccurate Reports—1st Tier2,00012 U.S.C. 1467a(r)(2) Late/Inaccurate Reports—2nd Tier22,00012 U.S.C. 1467a(r)(3) Late/Inaccurate Reports—3rd Tier1,100,00012 U.S.C. 1817(j)(16)(A) Change in Control—1st Tier5,50012 U.S.C. 1817(j)(16)(B) Change in Control—2nd Tier27,50012 U.S.C. 1817(j)(16)(C) Change in Control—3rd Tier1,100,00012 U.S.C. 1818(i)(2)(A) Violation of Law or Unsafe or Unsound Practice—1st Tier5,50012 U.S.C. 1818(i)(2)(B) Violation of Law or Unsafe or or Unsound Practice—2nd Tier27,50012 U.S.C. 1818(i)(2)(C) Violation of Law or Unsafe or Unsound Practice—3rd Tier1,100,00012 U.S.C. 3349(b) Appraisals Violation—1st Tier5,50012 U.S.C. 3349(b) Appraisals Violation—2nd Tier27,50012 U.S.C. 3349(b) Appraisals Violation—3rd Tier1,100,00042 U.S.C. 4012a(f) Flood Insurance 350/105,000