Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
HUD publishes penalty inflation adjustments
The Department of Housing and Urban Development has published [84 FR 9451, March 15, 2019] a final rule providing for 2019 inflation adjustments of civil monetary penalty amounts required by the Federal Civil Penalties Inflation Adjustment Act of 1990.
Among the changes is an increase in the maximum civil money penalty for violations by FHA mortgagees and lenders (24 CFR §30.35) from $9,819 per violation and $1,963,870 per year, to $10,067 per violation and $2,013,399 per year, based on a cost-of-living adjustment multiplier of 1.02522.
The changes will be effective April 15, 2019.
print
share