StacksVerified U.S. regulatory reference

24 CFR §30.40

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)General. The Assistant Secretary for Public and Indian Housing (or his/her designee) may initiate a civil money penalty action against any mortgagee or holder of a guarantee certificate who knowingly and materially violates the provisions of 12 U.S.C. 1715z-13a(g)(2) concerning loan guarantees for Indian housing.
  2. (b)Continuing violation. Each day that a violation continues shall constitute a separate violation.
  3. (c)Amount of penalty. The maximum penalty is $12,567 for each violation, up to a limit of $2,513,215 for all violations committed during any one-year period. Each violation shall constitute a separate violation as to each mortgage or loan application.