Penalty for depositories' failure revised to impose a minimum fine and daily accrual subject to an overall cap. The amendment substitutes the previous ceiling comparison wording with an explicit penalty formulation: the penalty shall not be less than a specified minimum, may extend as a per day accrual during continuance of the failure, and is subject to a statutory maximum cap.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for depositories' failure revised to impose a minimum fine and daily accrual subject to an overall cap.
The amendment substitutes the previous ceiling comparison wording with an explicit penalty formulation: the penalty shall not be less than a specified minimum, may extend as a per day accrual during continuance of the failure, and is subject to a statutory maximum cap.
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