§ 1083.1 - Adjustment of civil penalty amounts.

§ 1083.1 Adjustment of civil penalty amounts.

Cross Reference

Link to an amendment published at 89 FR 1789, Jan. 11, 2024.

(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	$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.

[88 89 FR 21789, Jan. 311, 20232024]