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#2279872 - 01/17/23 02:53 PM Max Amt of Penalty for 2023
Libby M. Offline
Platinum Poster
Joined: Sep 2007
Posts: 604
Mississippi, USA
Where can I find the maximum amount of penalty set for 2023 for each act or omission under the SAFE Mortgage Licensing Violations?
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Lela Purvis, CRCM/CCBCO/CBAP


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#2279880 - 01/17/23 03:37 PM Re: Max Amt of Penalty for 2023 Libby M.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
I am not aware of the regulators publishing inflation adjustments for 12 U.S. Code § 5113. The penalties under that section of the USC would be the least of your worries anyway. Why any bank focuses on individual statures when it comes to penalties is really a waste of time. The regulators just pull out 12 USC 1818.
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