Regulacje i polityka gospodarcza · 1.11.1996

Federal Civil Penalties Inflation Adjustment

This document amends Department of Veterans Affairs (VA) regulations by providing notice as required by statute to reflect statutory increases in maximum civil monetary penalties. Under 38 U.S.C. 3710, VA may impose civil monetary penalties for false loan guaranty certifications. Also, under 31 U.S.C. 3802, VA may impose civil monetary penalties for fraudulent claims and for fraudulent statements. The Federal Civil Monetary Penalties Act of 1990, as amended by the Debt Collection Improvement Act of 1996 (the Act), sets forth a formula increasing the maximum statutory amounts for civil monetary penalties and requires VA to give notice of the new maximum amounts by regulation. Accordingly, this document gives notice that the maximum civil monetary penalties have been increased as follows: $11,000 maximum civil monetary penalty for false loan guaranty certifications; $5,500 maximum civil monetary penalty for fraudulent claims; and $5,500 maximum civil monetary penalty for fraudulent statements.