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Home » News » Retroactivity Concerns Over Civil Penalty Hikes
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Retroactivity Concerns Over Civil Penalty Hikes

August 19, 2016
With federal civil monetary penalties set to rise significantly over the next couple of months, mortgage industry stakeholders are getting increasingly concerned about retroactivity in some of the interim final rules adopted by federal agencies to implement the revised penalty amounts, according to industry attorneys. Although application of the adjusted civil penalty amounts to violations that occurred prior to the passage of the Federal Civil Penalties Inflation Adjustment ...
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