{"data":{"id":"us/24-cfr-30.40","jurisdiction":"us","citation":"24 CFR 30.40","heading":"Loan guarantees for Indian housing.","body":"(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.\n(b) Continuing violation. Each day that a violation continues shall constitute a separate violation.\n(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.","path":["Title 24—Housing and Urban Development","Subtitle A—Office of the Secretary, Department of Housing and Urban Development","PART 30—CIVIL MONEY PENALTIES: CERTAIN PROHIBITED CONDUCT","Subpart B—Violations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"6cacad3a0a8bddf50c4f6b38dfff69446282e80fb410601f71c1325587fb8ea3","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-30.36","next":"us/24-cfr-30.45"},"notice":"GroundRules: Original legal text. Not legal advice."}