VA · va-home-loan · Published 2016-09-23 · Effective 2016-09-23 · 81 FR 65551
Document
Document number
2016-22732
Federal Register citation
81 FR 65551
CFR reference
38 CFR 36
Type
Rule
Action
Final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
2016-09-23
Effective date
2016-09-23
Abstract
The Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties and requires federal agencies to give notice of the new maximum amounts by regulation. This final rule of the Department of Veterans Affairs (VA) adopts without change VA's interim final rule, which increased maximum civil monetary penalties from $10,000 to $21,563 for false loan guaranty certifications and from $5,500 to $10,781 for fraudulent claims or fraudulent statements in any VA program.