Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
2.7 KiB
Markdown
48 lines
2.7 KiB
Markdown
---
|
||
type: "LegalText"
|
||
title: "12 U.S.C. § 1955"
|
||
description: "Civil penalties"
|
||
jurisdiction: "us"
|
||
corpus: "united_states_code"
|
||
kind: "code_section"
|
||
title_number: 12
|
||
title_name: "BANKS AND BANKING"
|
||
chapter_number: "21"
|
||
chapter_name: "FINANCIAL RECORDKEEPING"
|
||
section: "1955"
|
||
citation: "12 U.S.C. § 1955"
|
||
status: "current"
|
||
release_point: "119-100"
|
||
release_date: "2026-06-26"
|
||
source: "official"
|
||
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
|
||
source_identifier: "/us/usc/t12/s1955"
|
||
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
|
||
source_hash: "d163ac4eff55e288e855d64c878853a68b6b6724e49cf95fb1676543b0f4d81f"
|
||
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
|
||
text_hash: "09f2039d28cce808fc92c80aa46844bef9d89ae60c6ca91d0527888f90a1e0fd"
|
||
retrieved_at: "2026-07-04"
|
||
confidence: "official"
|
||
tags: ["legal", "us-code"]
|
||
---
|
||
|
||
# 12 U.S.C. § 1955 - Civil penalties
|
||
|
||
## Text
|
||
|
||
(a) 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.
|
||
|
||
(b) 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.
|
||
|
||
(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.)
|
||
|
||
## Notes
|
||
|
||
Editorial Notes
|
||
|
||
Amendments1992—Subsec. (a). Pub. L. 102–550 inserted “or any person willfully causing a violation of the regulation,” after “applies,”. 1988—Subsec. (a). Pub. L. 100–690 inserted “or grossly negligent” after “willful” and “or through gross negligence” after “willfully” and substituted “$10,000” for “$1,000”.
|
||
|
||
Statutory Notes and Related Subsidiaries
|
||
|
||
Effective DateSection effective on first day of seventh calendar month which begins after Oct. 26, 1970, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such regulations in the Federal Register and not later than first day of thirteenth calendar month which begins after Oct. 26, 1970, see section 401(a), (b) of Pub. L. 91–508, set out as a note under section 1951 of this title.
|