12 CFR 263.62 - Relevant considerations for assessment of civil penalty.

Regulations last checked for updates: Dec 16, 2025

Title 12 - Banks and Banking last revised: Dec 04, 2025

View all text of Subpart C [§ 263.60 - § 263.65]

§ 263.62 - Relevant considerations for assessment of civil penalty.

In determining the amount of the penalty to be assessed, the Board shall take into account the appropriateness of the penalty with respect to the financial resources and good faith of the person charged, the gravity of the misconduct, the history of previous misconduct, the economic benefit derived by the person from the misconduct, and such other matters as justice may require.

authority: 5 U.S.C. 504,554; 12 U.S.C. 248,324,334,347a,504,505,1464,1467,1467a,1817,1818,1820,1829,1831o,1831p,1832,1847,1847,1884,1972,3105,3108,3110,3349,3907,3909,4717,5323,5362,5365,5463,5464,5466,5467; 15 U.S.C. 21,78l,78o,78o,78u; 1639e(K); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 U.S.C. 4012a.

source: 56 FR 38052, Aug. 9, 1991, unless otherwise noted.

cite as: 12 CFR 263.62