Federal Civil Penalties Inflation Adjustment Act Amendments
VA · va-home-loan · Published 2020-02-07 · Effective 2020-02-07 · 85 FR 7230
Document
Document number
2020-01717
Federal Register citation
85 FR 7230
CFR reference
38 CFR 36
Type
Rule
Action
Final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
2020-02-07
Effective date
2020-02-07
Abstract
The Department of Veterans Affairs (VA) is providing public notice of inflationary adjustments to the maximum civil monetary penalties assessed or enforced by VA, as implemented by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, for calendar year 2020. VA may impose civil monetary penalties for false loan guaranty certifications. Also, VA may impose civil monetary penalties for fraudulent claims or written statements made in connection with VA programs generally. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula that increases the maximum statutory amounts for civil monetary penalties and directs VA to give public notice of the new maximum amounts by regulation. Accordingly, VA is providing notice of the calendar year 2020 inflationary adjustments that increase maximum civil monetary penalties from $22,927 to $23,331 for false loan guaranty certifications and from $11,463 to $11,665 for fraudulent claims or written statements made in connection with VA programs generally.