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[¶11,508A] In the Matter of Bank of Marin, Corte Madera, California, Docket No.
98-38k (5-12-98)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $4,500.
In the Matter of
BANK OF MARIN
CORTE MADERA, CALIFORNIA
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-98-38k
Bank of Marin, Corte Madera, California ("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 pro-
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ceeding, and
without admitting or denying any violations, Respondent consented and
agreed to pay a civil money penalty in the amount of ($4,500.00),
related to its inaccurate submission of the application and loan data
for calendar years 1995 and 1996 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 and regulations for which a civil money penalty of four
thousand, five hundred dollars ($4,500.00) 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 ($4,500.00) 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 12th day of May, 1998.