Which one of the following is out of the FIRREA penalties included in the enforcement section of Adjusted Mortgage Regul
Posted: Tue Mar 08, 2022 9:25 am
Which one of the following is out of the FIRREA penalties included in the enforcement section of Adjusted Mortgage Regulation (12 CFR 34)?
A. Penalties up to $7,500 per day for violations of laws and regulations
B. Penalties up to $47,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
C. Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
D. Penalties up to $6,500 per day for violations of laws and regulations
A. Penalties up to $7,500 per day for violations of laws and regulations
B. Penalties up to $47,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
C. Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
D. Penalties up to $6,500 per day for violations of laws and regulations