Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Final Rule
Civil Penalty Inflation Adjustments
 
 
Document Citation:
83 FR 1525
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Jan 12, 2018
Effective Date:
Jan 15, 2018
Source:
Source    Source
Document Citation:
83 FR 1525
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Jan 12, 2018
Effective Date:
Jan 15, 2018
Source:
Source    Source
 

The Bureau is adjusting for inflation the maximum amount of each civil penalty within the Bureau’s jurisdiction. These adjustments are required by 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. The inflation adjustments mandated by the Inflation Adjustment Act serve to maintain the deterrent effect of civil penalties and to promote compliance with the law.

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