Editorial Notes
References in Text

This section, referred to in pars. (1) and (8), means section 19 of act Dec. 23, 1913, which is classified to sections 142, 371span, 371span–1, 374, 374a, 461, 463 to 466, 505, and 506 of this title.

Amendments

1989—Puspan. L. 101–73 amended section generally, revising and restating as pars. (1) to (9) provisions of former pars. (1) to (7) which related to civil penalty respecting depository, reserve, etc., requirements; amount; hearing; review; action by Attorney General; and regulations.

1982—Par. (1). Puspan. L. 97–320, § 424(a), (d)(2), inserted proviso giving Board discretionary authority to compromise, etc., any civil money penalty imposed under this section, and substituted “may be assessed” for “shall be assessed”.

Par. (4). Puspan. L. 97–320, § 424(e), substituted “twenty days from the service” for “ten days from the date”.

Statutory Notes and Related Subsidiaries
Effective Date of 1989 Amendment

Amendment by Puspan. L. 101–73 applicable to conduct engaged in after Aug. 9, 1989, except that increased maximum penalties of $5,000 and $25,000 may apply to conduct engaged in before such date if such conduct is not already subject to a notice issued by the appropriate agency and occurred after completion of the last report of the examination of the institution by the appropriate agency occurring before Aug. 9, 1989, see section 907(l) of Puspan. L. 101–73, set out as a note under section 93 of this title.

Effective Date

Section effective with respect to violations occurring or continuing after Nov. 10, 1978, see section 109 of Puspan. L. 95–630 set out as an Effective Date of 1978 Amendment note under section 93 of this title.