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[¶12,041] In the Matter of Sevier County Bank, Sevierville, Tennessee, Docket No.
02-192k (4-29-03).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $6,000.
In the Matter of
SEVIER COUNTY BANK
SEVIERVILLE, TENNESSEE
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-02-192k
Sevier County Bank, Sevierville, Tennessee, ("Respondent"),
has been advised of the right to receive a NOTICE OF ASSESSMENT OF
CIVIL MONEY PENALTY, FINDINGS OF FACTS 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
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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 ("Regulation C"), 12 C.F.R. Part 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 ("CONSENT AGREEMENT") with a
representative of the Legal Division of the FDIC, whereby solely for
the purposes of this proceeding and without admitting or denying any
violations, Respondent consented and agreed to pay a civil money
penalty in the amount of $6,000.00, related to its inaccurate
submission of application and loan data for calendar years 2000 and
2001 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
regulations for which a civil money penalty of $6,000.00 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 a penalty of $6,000.00 be, and hereby
is, assessed against Respondent 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 29th day of April, 2003.