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Under Consumer Leasing Act Enforcement-15 USC 1667d Section FIRREA Penalties

Question 43

Multiple Choice

Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:


A) Penalties up to $8,500 per day for violations of laws and regulations
B) Penalties up to $37,500 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 $9,500 per day for violations of laws and regulations

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