12 CFR 1083.1 – Adjustment of civil penalty amounts
Current as of: 2024 | Check for updates
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(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:
Terms Used In 12 CFR 1083.1
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Table 1 to Paragraph
| Law | Penalty description | Adjusted maximum civil penalty amount |
|---|---|---|
| 12 U.S.C. § 5565(c)(2)(A) | Tier 1 penalty | $6,813 |
| 12 U.S.C. § 5565(c)(2)(B) | Tier 2 penalty | 34,065 |
| 12 U.S.C. § 5565(c)(2)(C) | Tier 3 penalty | 1,362,567 |
| 15 U.S.C. § 1717a(a)(2) | Per violation | 2,374 |
| 15 U.S.C. § 1717a(a)(2) | Annual cap | 2,372,677 |
| 12 U.S.C. § 2609(d)(1) | Per failure | 111 |
| 12 U.S.C. § 2609(d)(1) | Annual cap | 223,229 |
| 12 U.S.C. § 2609(d)(2)(A) | Per failure, where intentional | 223 |
| 12 U.S.C. § 5113(d)(2) | Per violation | 34,401 |
| 15 U.S.C. § 1639e(k)(1) | First violation | 13,627 |
| 15 U.S.C. § 1639e(k)(2) | Subsequent violations | 27,252 |
(b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 2023, whose associated violations occurred on or after November 2, 2015.