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Highest Penalties

Which violations result in the highest penalties?

The penalties vary substantial by violation and circumstance. Even for the same violation penalties widely vary. For example, in2018, civil monetary penalties (CMP) for flood insurance violations ranged from $5,000 to $207,245. The single largest CMP imposed in 2018 was $1 billion for UDAP issues. Note for certain violations reimbursement to consumers may be required in addition to civil monetary penalties.
Learn more about Jack Holzknecht and Robin Cooper webinar Lessons Learned - Recent Lending Compliance Enforcement Actions

First published on 07/28/2019

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