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FirstBank Puerto Rico - flood violations penalty

Santurce, Puerto Rico,
04/02/2019
Fine Amount: 
$17,700
Issued by: 

The FDIC issued a civil money penalty of $17,700 to the bank for a pattern or practice of violations of the FDPA and Part 339 of the FDIC's Rules and Regulations, 12 C.F.R. Part 339, which implements the FDPA, by failing to issue written notifications to borrowers in connection with loans secured by a dwelling located within a special flood hazard area as required by 12 C.F.R. § 339.9(a) on one hundred seventy-seven (177) occasions.

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