Current as of: February 2010
(Pub. L. 92-181, title V, Sec. 5.32, as added Pub. L. 99-205, title
II, Sec. 204, Dec. 23, 1985, 99 Stat. 1700; amended Pub. L. 100-
233, title IV, Sec. 423, title VIII, Secs. 804(a)(2), 805(dd),
Jan. 6, 1988, 101 Stat. 1656, 1714, 1717.)
1988 - Subsec. (a). Pub. L. 100-233, Sec. 423(a), substituted
"continues. Any such institution or person who violates any
provision of this chapter or any regulation issued under this
chapter shall forfeit and pay a civil penalty of not more than $500
per day for each day during which such violation continues.
Notwithstanding the preceding sentences," for "continues, but".
Subsec. (b). Pub. L. 100-233, Sec. 423(b), inserted "Before
determining whether to assess a civil money penalty and determining
the amount of such penalty, the Farm Credit Administration shall
notify the institution or person to be assessed of the violation or
violations alleged to have occurred or to be occurring, and shall
solicit the views of the institution or person regarding the
imposition of such penalty."
Subsec. (d). Pub. L. 100-233, Sec. 423(c), substituted "Final
orders of the Farm Credit Administration issued under subsection
(c) of this section shall be reviewable under chapter 7 of title 5"
for "The findings of the Farm Credit Administration shall be set
aside if found to be unsupported by substantial evidence as
provided by section 706(2)(E) of title 5".
Subsec. (f). Pub. L. 100-233, Sec. 805(dd), substituted "section
2267 of this title and this section" for "sections 2267 and 2268 of
Subsec. (h). Pub. L. 100-233, Sec. 804(a)(2), added subsec. (h).
Section effective thirty days after Dec. 23, 1985, see section
401 of Pub. L. 99-205, set out as an Effective Date of 1985
Amendment note under section 2001 of this title.
Questions & Answers: Lending
U.S. Code Provisions: Lending
State Laws: Lending