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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.

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OCC publishes CMP inflation adjustments

The Office of the Comptroller of the Currency has published at 85 FR 86795 in this morning's Federal Register a notice of its maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. The adjusted penalty amounts are applicable to penalties assessed on or after January 1, 2021, for conduct occurring on or after November 2, 2015. Selected common penalties from the list include:

  • Flood insurance: $2,252 per violation
  • Appraisal independence requirements: $11,906 for first violation; $23,811 for subsequent violations
  • Reporting requirements violations: Tier 1 $10,366; Tier 2 $51,827; Tier 3 lesser of $2,073,133 or 1 percent of total assets
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