Source: https://www.law.cornell.edu/uscode/text/12/4585?qt-us_code_tabs=1
Timestamp: 2016-05-02 19:41:35
Document Index: 45355370

Matched Legal Cases: ['§ 4585', 'art 3', '§ 4585', '§ 4585', '§\u202f4585', '§\u202f1345', '§\u202f1130', '§\u202f1104', '§\u202f1345', '§\u202f1130']

12 U.S. Code § 4585 - Civil money penalties | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 46 › Subchapter I › Part B › Subpart 3 › § 4585 12 U.S. Code § 4585 - Civil money penalties
§ 4585.
(a) AuthorityThe Director may impose a civil money penalty, in accordance with the provisions of this section, on any enterprise that has failed to—
submit a report under section 4547 [1] of this title, following a notice of such failure, an opportunity for comment by the enterprise, and a final determination by the Director;
submit the information required under subsection (m) or (n) of section 1723a of this title or subsection (e) or (f) of section 1456 of this title;
solely with respect to the housing goals established under sections 4562(a) and 4563(a)(1) of this title, submit a housing plan or perform its responsibilities under a remedial order issued pursuant to section 4566(c) of this title within the required period; or
solely with respect to the housing goals established under sections 4562(a) and 4563(a)(1) of this title, comply with a housing plan for the enterprise under section 4566(c) of this title.
(b) Amount of penaltyThe amount of a penalty under this section, as determined by the Director, may not exceed—
(1) EstablishmentThe Director shall establish standards and procedures governing the imposition of civil money penalties under this section. Such standards and procedures—
(2) Factors in determining amount of penaltyIn determining the amount of a penalty under this section, the Director shall give consideration to factors including—
If an enterprise fails to comply with an order by the Director imposing a civil money penalty under this section, after the order is no longer subject to review, as provided in sections 4582 and 4583 of this title, the Director may bring an action in the United States District Court for the District of Columbia to obtain a monetary judgment against the enterprise, and such other relief as may be available. The monetary judgment may, in the court’s discretion, include the attorneys’ fees and other expenses incurred by the United States in connection with the action. In an action under this subsection, the validity and appropriateness of the order imposing the penalty shall not be subject to review.
(f) Deposit of penalties
The Director shall use any civil money penalties collected under this section to help fund the Housing Trust Fund established under section 4568 of this title.
(Pub. L. 102–550, title XIII, § 1345, as added Pub. L. 110–289, div. A, title I, § 1130(d)(2), July 30, 2008, 122 Stat. 2709.)
Section 4547 of this title, referred to in subsec. (a)(1), was repealed by Pub. L. 110–289, div. A, title I, § 1104(b), July 30, 2008, 122 Stat. 2667.
A prior section 4585, Pub. L. 102–550, title XIII, § 1345, Oct. 28, 1992, 106 Stat. 3966, related to civil money penalties, prior to repeal by Pub. L. 110–289, div. A, title I, § 1130(d)(1), July 30, 2008, 122 Stat. 2709.