{"identifier":"/us/usc/t12/s1955","title_num":"12","num":"§ 1955.","heading":"Civil penalties","status":null,"guid":"id88cda082-e2c1-11e4-bfc4-c70e1890533b","source_credit":"(Pub. L. 91–508, title I, § 125, Oct. 26, 1970, 84 Stat. 1117; Pub. L. 100–690, title VI, § 6185(d)(3)(B), Nov. 18, 1988, 102 Stat. 4357; Pub. L. 102–550, title XV, § 1535(c)(1), Oct. 28, 1992, 106 Stat. 4067.)","seq_in_title":952,"parent_identifier":"/us/usc/t12/ch21","ancestors":[{"identifier":"/us/usc/t12","level":"title","num":"Title 12—","heading":"BANKS AND BANKING","status":null,"is_section":false},{"identifier":"/us/usc/t12/ch21","level":"chapter","num":"CHAPTER 21—","heading":"FINANCIAL RECORDKEEPING","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"id19a67696-76d8-11e3-aca4-d105d1f48904\" identifier=\"/us/usc/t12/s1955\"><num value=\"1955\">§ 1955.</num><heading> Civil penalties</heading><subsection style=\"-uslm-lc:I11\" class=\"indent0\" id=\"id19a67697-76d8-11e3-aca4-d105d1f48904\" identifier=\"/us/usc/t12/s1955/a\"><num value=\"a\">(a)</num><content> For each willful or grossly negligent violation of any regulation under this chapter, the Secretary may assess upon any person to which the regulation applies, or any person willfully causing a violation of the regulation, and, if such person is a partnership, corporation, or other entity, upon any partner, director, officer, or employee thereof who willfully or through gross negligence participates in the violation, a civil penalty not exceeding $10,000.</content>\n</subsection>\n<subsection style=\"-uslm-lc:I11\" class=\"indent0\" id=\"id19a67698-76d8-11e3-aca4-d105d1f48904\" identifier=\"/us/usc/t12/s1955/b\"><num value=\"b\">(b)</num><content> In the event of the failure of any person to pay any penalty assessed under this section, a civil action for the recovery thereof may, in the discretion of the Secretary, be brought in the name of the United States.</content>\n</subsection>\n<sourceCredit id=\"id19a67699-76d8-11e3-aca4-d105d1f48904\">(<ref href=\"/us/pl/91/508/s125\">Pub. L. 91–508, title I, § 125</ref>, <date date=\"1970-10-26\">Oct. 26, 1970</date>, <ref href=\"/us/stat/84/1117\">84 Stat. 1117</ref>; <ref href=\"/us/pl/100/690/s6185/d/3/B\">Pub. L. 100–690, title VI, § 6185(d)(3)(B)</ref>, <date date=\"1988-11-18\">Nov. 18, 1988</date>, <ref href=\"/us/stat/102/4357\">102 Stat. 4357</ref>; <ref href=\"/us/pl/102/550/s1535/c/1\">Pub. L. 102–550, title XV, § 1535(c)(1)</ref>, <date date=\"1992-10-28\">Oct. 28, 1992</date>, <ref href=\"/us/stat/106/4067\">106 Stat. 4067</ref>.)</sourceCredit>\n<notes type=\"uscNote\" id=\"id19a6769a-76d8-11e3-aca4-d105d1f48904\">\n<note style=\"-uslm-lc:I74\" topic=\"amendments\" id=\"id19a6769b-76d8-11e3-aca4-d105d1f48904\"><heading class=\"centered smallCaps\">Amendments</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">1992—Subsec. (a). <ref href=\"/us/pl/102/550\">Pub. L. 102–550</ref> inserted “or any person willfully causing a violation of the regulation,” after “applies,”.</p>\n<p style=\"-uslm-lc:I21\" class=\"indent0\">1988—Subsec. (a). <ref href=\"/us/pl/100/690\">Pub. L. 100–690</ref> inserted “or grossly negligent” after “willful” and “or through gross negligence” after “willfully” and substituted “$10,000” for “$1,000”.</p>\n</note>\n</notes>\n</section>","provision":null,"duplicates":[],"release":{"label":"114-9","currency_date":"2015-04-07","congress":114,"law_num":9,"excluded_laws":[],"update_num":null,"seq":41,"is_partial":false,"caveat":null,"titles_affected":["02","06","07","12","14","15","31","38","42","44","49"],"ingested_titles":[]},"served_from":{"label":"114-9","currency_date":"2015-04-07","congress":114,"law_num":9,"excluded_laws":[],"update_num":null,"seq":41,"is_partial":false,"caveat":null,"titles_affected":["02","06","07","12","14","15","31","38","42","44","49"],"ingested_titles":[]},"content_first_seen":{"label":"113-65","currency_date":"2013-12-20","congress":113,"law_num":65,"excluded_laws":[],"update_num":null,"seq":10,"is_partial":false,"caveat":null,"titles_affected":["12","28","33","38","40","42"],"ingested_titles":[]},"is_exact":true,"note":null}