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9 Cards in this Set
- Front
- Back
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Section 6 RESPA
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Indv.: Actual Damages plus a max of $1000
Class: up to $1000/person. Total damages cannot exceed $500,000 or 1% of servicer's net worth (whichever is less) |
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Section 8 RESPA
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up to $10,000 and/or 1 year in prison
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Section 9 RESPA
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3 times amount charged for title insurance
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Section 10 RESPA
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Failure to submit initial/annual: $75/violation $130,000 max/12 months
Intentional violation: $110/violation with no limit |
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TILA (Z)
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$400-$4000 for violations
Class Action: $500,000 or 1% net worth (lesser of two) Willful Violations: up to $5000 and/or 1 year in prison |
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ECOA (B)
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Civil Penalties: $5000/day, up to $25,000 if definitive patterns exist
Punitive Damages: $10,000/individual $500,000 our 1% net worth (lesser)/class action 5 year statute of limitations |
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HMDA (C)
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Civil Penalties can happen, there is no specification. Bona fide errors will not result in penalties.
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GLBA and Reg P
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No specific penalties noted
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Do not call
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$16,000/violation (each day is new violation)
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