OCC Civil Monetary Penalty Amounts For Federal Savings Associations

OCC Civil Monetary Penalty Amounts For Federal Savings Associations

Inflation adjusted as required by the Federal Civil Penalties Inflation Adjustment Act of 1990
 

U.S. Code Citation

  

Description and Tier

  

Maximum Penalty Amount*

 
12 U.S.C. 1464(v) Reports of condition:
Tier 1

3,928
Tier 2

39,278
Tier 3

1,963,870**
12 U.S.C. 1467(d) Refusal of Affiliate to Cooperate in Examination

9,819
12 U.S.C. 1467a(r) Late/Inaccurate Reports:
Tier 1

3,928
Tier 2

39,278
Tier 3

1,963,870**
12 U.S.C. 1817(j)(16) Violation of Change in Bank Control Act:
Tier 1

9,819
Tier 2

49,096
Tier 3

1,963,870**
12 U.S.C. 1818(i)(2)*** Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
Tier 1

9,819
Tier 2

49,096
Tier 3

1,963,870**
12 U.S.C. 1820(k)(6)(A)(ii) Violation of Post-Employment Restrictions:
Per violation

323,027
12 U.S.C. 1832(c) Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers to Third Parties:
Per violation

2,593
12 U.S.C. 1884 Violation of the Bank Protection Act

285
12 U.S.C. 1972(2)(F) Violation of Anti-Tying Provisions regarding Correspondent Accounts, Unsafe or Unsound Practices, or Breach of Fiduciary Duty:
Tier 1

9,819
Tier 2

49,096
Tier 3

1,963,870**
15 U.S.C. 78u-2(b) Violation of Various Provisions of the Securities Act, the Securities Exchange Act, the Investment Company Act, or the Investment Advisers Act:
Tier 1 (natural person) – Per violation

9,239
Tier 1 (other person) – Per violation

92,383
Tier 2 (natural person) – Per violation

92,383
Tier 2 (other person) – Per violation

461,916
Tier 3 (natural person) – Per violation

184,767
Tier 3 (other person) – Per violation

923,831
15 U.S.C. 1639e(k) Violation of Appraisal Independence Requirements:
First violation

11,279
Subsequent violations

22,556
42 U.S.C. 4012a(f)(5) Flood Insurance:
Per violation

2,133
*The maximum penalty amount is per day, unless otherwise indicated.

** The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets.

***These amounts also apply to CMPs in statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15 U.S.C. 1607,  1681s, 1691c, and 1692 l.