12 C.F.R. § 1083.1

Current through September 30, 2024
Section 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 descriptionAdjusted maximum civil penalty amount
12 U.S.C. 5565(c)(2)(A) Tier 1 penalty$7,034
12 U.S.C. 5565(c)(2)(B) Tier 2 penalty35,169
12 U.S.C. 5565(c)(2)(C) Tier 3 penalty1,406,728
15 U.S.C. 1717a(a)(2) Per violation2,451
15 U.S.C. 1717a(a)(2) Annual cap2,449,575
12 U.S.C. 2609(d)(1) Per failure115
12 U.S.C. 2609(d)(1) Annual cap230,464
12 U.S.C. 2609(d)(2)(A) Per failure, where intentional230
12 U.S.C. 5113(d)(2) Per violation35,516
15 U.S.C. 1639e(k)(1) First violation14,069
15 U.S.C. 1639e(k)(2) Subsequent violations28,135

(b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 2024, whose associated violations occurred on or after November 2, 2015.

12 C.F.R. §1083.1

88 FR 2, Jan. 3, 2023
81 FR 38571, 7/14/2016; 82 FR 3602, 1/12/2017; 83 FR 1527, 1/12/2018; 85 FR 2014, 1/14/2020; 86 FR 3768, 1/15/2021; 87 FR 2316, 1/14/2022; 88 FR 2, 1/15/2023; 89 FR 1789, 1/15/2024