{{9-30-02 p.C-5143}}
[¶11,801] In the Matter of R-G Premier Bank of Puerto Rico, Hato Rey, Puerto
Rico, Docket No. 00-130k (5-17-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $5,000.
In the Matter of
R-G PREMIER BANK OF PUERTO RICO
HATO REY, PUERTO RICO
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-00-130k
R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico
("Respondent") has been advised of the right to receive a NOTICE
OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACT AND CONCLUSIONS
OF LAW, ORDER TO PAY, AND NOTICE OF HEARING ("NOTICE") issued by
the Federal Deposit Insurance Corporation ("FDIC") detailing the
violations for which a civil money penalty may be assessed against
Respondent pursuant to section 8(i)(2) of the Federal Deposit
Insurance Act ("Act"), 12 U.S.C. §1818(i)(2), section 305 of
the Home Mortgage Disclosure Act ("HMDA"), 12 U.S.C. §2804,
and section 203.6 of Regulation C of the Board of Governors of the
Federal Reserve System, 12 C.F.R. §203.6, and has been further
advised of the right to a hearing on the alleged charges under section
8(i) of the Act, 12 U.S.C. §1818(i), and the FDIC's Rules of
Practice and Procedure, 12 C.F.R. Part 308. Having waived those rights,
the Respondent entered into a STIPULATION AND CONSENT TO THE ISSUANCE
OF AN ORDER TO PAY CIVIL MONEY PENALTY ("AGREEMENT") with a
representative of the Legal Division of the FDIC, whereby solely for
the purpose of this proceeding and without admitting or denying any
violations, Respondent consented and agreed to pay a civil money
penalty in the amount of FIVE THOUSAND dollars ($5,000.00), related to
its inaccurate submission of the application and loan data for calendar
year 1998 required by HMDA.
The FDIC considered the matter and determined it had reason to
believe that the Respondent has engaged or participated in violations
of law or regulation for which a civil money penalty of FIVE THOUSAND
dollars ($5,000.00) is appropriate to be assessed against the
Respondent pursuant to section 8(i)(2) of the Act, 12 U.S.C.
§1818(i)(2).
The FDIC, therefore, accepted the AGREEMENT and issued the following:
ORDER TO PAY CIVIL MONEY PENALTY
IT IS HEREBY ORDERED that Respondent be, and hereby is, assessed a
civil money penalty of FIVE THOUSAND dollars ($5,000.00) pursuant to
section 8(i)(2) of the Act, 12 U.S.C. §1818(i)(2), the receipt of
which is hereby acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 17th day of May, 2001.