12 U.S.C. § 4585
Civil money penalties
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 4585, Civil money penalties, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438782
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Full text
The Director may impose a civil money penalty, in accordance with the provisions of this section, on any enterprise that has failed to—
The amount of a penalty under this section, as determined by the Director, may not exceed—
The Director shall establish standards and procedures governing the imposition of civil money penalties under this section. Such standards and procedures—
In 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.
The Director may compromise, modify, or remit any civil money penalty which may be, or has been, imposed under this section.
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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Housing and Community Development Act of 1992House: 377–37Senate: no recorded tally
- Housing and Economic Recovery Act of 2008