(3) 6 Civil money penalty (A) Penalty Any company which violates, and any person who participates in a violation of, any provision of this section, or any regulation or order issued pursuant thereto, shall forfeit and pay a civil penalty of not more than $25,000 for each day during which such violation continues. (B) Assessment; etc. Any penalty imposed under subparagraph (A) may be assessed and collected by the Board in the manner provided in subparagraphs (E), (F), (G), and (I) of section 1818(i)(2) of this title for penalties imposed (under such section) and any such assessment shall be subject to the provisions of such section. (C) Hearing The company or other person against whom any penalty is assessed under this paragraph shall be afforded an agency hearing if such company or person submits a request for such hearing within 20 days after the issuance of the notice of assessment. Section 1818(h) of this title shall apply to any proceeding under this paragraph. (D) Disbursement All penalties collected under authority of this paragraph shall be deposited into the Treasury. (E) “Violate” defined For purposes of this section, the term “violate” includes any action (alone or with another or others) for or toward causing, bringing about, participating in, counseling, or aiding or abetting a violation. (F) Regulations The Board shall prescribe regulations establishing such procedures as may be necessary to carry out this paragraph.


12 USC § 1467a(i)(3)

Scoping language

For purposes of this section
Is this correct? or