{"data":{"id":"us/12-u.s.c.-1955","jurisdiction":"us","citation":"12 U.S.C. § 1955","heading":"Civil penalties","body":"(a) For each willful or grossly negligent violation of any regulation under this chapter, the Secretary may assess upon any person to which the regulation applies, or any person willfully causing a violation of the regulation, and, if such person is a partnership, corporation, or other entity, upon any partner, director, officer, or employee thereof who willfully or through gross negligence participates in the violation, a civil penalty not exceeding $10,000. (b) In the event of the failure of any person to pay any penalty assessed under this section, a civil action for the recovery thereof may, in the discretion of the Secretary, be brought in the name of the United States.","path":["Title 12—BANKS AND BANKING","CHAPTER 21—FINANCIAL RECORDKEEPING"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"9bd1884339ba5c1e95d3a86661893882905cfe9f2efb7a6aa56e74a1ca7c4f0f","source_id":"us","stale":true,"prev":"us/12-u.s.c.-1954","next":"us/12-u.s.c.-1956"},"notice":"GroundRules: Original legal text. Not legal advice."}