---
kind: "section"
citation: "12 C.F.R. § 1250.3"
title: "12"
number: "1250.3"
heading: "Civil money penalties."
url: "https://uscodex.org/cfr/12/1250.3"
---

# §1250.3. Civil money penalties.

- (a) **In general.** If an Enterprise is determined by the Director of FHFA, or his or her designee, to have a pattern or practice of purchasing loans in violation of the procedures established pursuant to [§ 1250.2](/cfr/12/1250.2.md), the Director of FHFA, or his or her designee, may assess civil money penalties against such Enterprise in such amount or amounts as deemed to be appropriate under [paragraph (c)](#c) of this section.
- (b) **Notice and hearing.** A civil money penalty under this section may be assessed only after notice and an opportunity for a hearing on the record has been provided to the Enterprise.
- (c) **Amount.** The maximum civil money penalty amount is $691 for each violation that occurs before January 15, 2025, with total penalties not to exceed $199,251. For violations that occur on or after January 15, 2025, the civil money penalty under this section may not exceed $709 for each violation, with total penalties assessed under this section against an Enterprise during any calendar year not to exceed $204,428.
- (d) **Deposit of penalties.** Any penalties under this section shall be paid into the National Flood Mitigation Fund in accordance with section 1367 of the National Flood Insurance Act of 1968 ([42 U.S.C. 4104d](/usc/42/4104d.md).), as amended.
- (e) **Additional penalties.** Any penalty under this section shall be in addition to, and shall not preclude, any civil remedy, or criminal penalty otherwise available.
- (f) **Statute of limitations.** No civil money penalty may be imposed under this section after the expiration of the four-year period beginning on the date of the occurrence of the violation for which the penalty is authorized under this section.

## Notes

### Amendments

[74 FR 2349, Jan. 15, 2009, as amended at 81 FR 8642, Feb. 22, 2016; 81 FR 43031, July 1, 2016; 83 FR 43968, Aug. 29, 2018; 84 FR 9704, Mar. 18, 2019; 85 FR 4905, Jan. 28, 2020; 86 FR 7496, Jan. 29, 2021; 87 FR 1662, Jan. 12, 2022; 87 FR 14770, Mar. 16, 2022; 87 FR 80025, Dec. 29, 2022; 89 FR 3333, Jan. 18, 2024;90 FR 4609, Jan. 16, 2025]

### Authority

Authority: 12 U.S.C. 4521(a)(4) and 4526; 28 U.S.C. 2461 note; 42 U.S.C. 4001 note; 42 U.S.C. 4012a(f)(3), (4), (5), (8), (9), and (10).

### Source

Source: 74 FR 2349, Jan. 15, 2009, unless otherwise noted.

### Amendments

[74 FR 2349, Jan. 15, 2009, as amended at 81 FR 8642, Feb. 22, 2016; 81 FR 43031, July 1, 2016; 83 FR 43968, Aug. 29, 2018; 84 FR 9704, Mar. 18, 2019; 85 FR 4905, Jan. 28, 2020; 86 FR 7496, Jan. 29, 2021; 87 FR 1662, Jan. 12, 2022; 87 FR 14770, Mar. 16, 2022; 87 FR 80025, Dec. 29, 2022; 89 FR 3333, Jan. 18, 2024;90 FR 4609, Jan. 16, 2025]