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Type: FCSIC Regulation

Part: PART 1411 - RULES OF PRACTICE AND PROCEDURE
Subpart: Subpart A - Rules of Practice and Procedure for Assessment and Collection of Civil Money Penalties



1411.1 Inflation adjustment of civil money penalties for failure to file a certified statement, pay any premium required or obtain approval before employment of persons convicted of criminal offenses.
In accordance with the Federal Civil Money Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996, a civil money penalty imposed pursuant section 5.65(c) or (d) of the Act for a violation occurring on or after October 23, 1996 shall not exceed $117 per day for each day the violation continues.

[66 FR 44027, Aug. 22, 2001]

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