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[¶11,762] In the Matter of Gateway American Bank of Florida, Fort Lauderdale,
Florida, Docket No. 00-116k (1-23-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,500.
In the Matter of
GATEWAY AMERICAN BANK OF FLORIDA
FORT LAUDERDALE, FLORIDA
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-00-116k
Gateway American Bank of Florida, Fort Lauderdale, Florida
("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
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violations for which a civil money penalty may be
assessed against the 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)(2) of the Act, 12 U.S.C. §1818(i)(2), 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
("CONSENT 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 two thousand five
hundred dollars ($2,500.00), related to its inaccurate submission of
the application and loan data required by HMDA for calendar year 1999.
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 two thousand five
hundred dollars ($2,500.00) 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 CONSENT 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 two thousand five hundred dollars ($2,500.00)
pursuant to section 8(i)(2) of the Act, 12 U.S.C. §1818(i)(2), the
receipt of which is acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 23 day of January, 2001.