Federal Deposit
Insurance Corporation

[Page 74908]

Federal Deposit Insurance Corporation (FDIC) Final Rule Stage

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4609. PROGRAM FRAUD CIVIL REMEDIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 93(b); 12 USC 164;
12 USC 505; 12 USC 1817; 12 USC 1818; 12 USC 1820; 12 USC 1828; 12 USC
1829; 12 USC 1829b; 12 USC 1831o; 12 USC 1832(c); 12 USC 1884(b); 12
USC 1972; 12 USC 3102; 12 USC 3108(a); 12 USC 3349; 12 USC 3909; 12 USC
4717; 15 USC 78(h); 15 USC 78(i); 31 USC 330; 42 USC 4012a; PL 104-134

CFR Citation: 12 CFR 308

Legal Deadline: None

Abstract: This regulatory action implements the Program Fraud Civil
Remedies Act (PFCRA). The rule establishes administrative procedures to
impose statutorily authorized civil penalties against any person who
makes, submits, or presents a false, fictitious, or fraudulent
statement or claim under $150,000 for property, services, or money to
the FDIC in connection with FDIC contracting operations and in
connection with the FDIC Asset Purchaser Certification Program.

Timetable:
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Action Date FR Cite

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NPRM 08/29/00 65 FR 52352
NPRM Comment Period End 10/30/00
Final Rule 02/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Rego, Counsel, Corporate Affairs Section, Legal
Division, Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7048