Basis for civil penalties and assessments.

CFR · 2024-01-01 · US · Title 12

(a) (1) A civil penalty of not more than $13,508 may be imposed upon a person who makes a claim to FHFA for property, services, or money where the person knows or has reason to know that the claim: (i) Is false, fictitious, or fraudulent; (ii) Includes or is supported by a written statement that: (A) Asserts a material fact which is false, fictitious, or fraudulent; or (B) Omits a material fact and, as a result of the omission, is false, fictitious, or fraudulent, where the person making, presenting, or submitting such statement has a duty to include such material fact; or (iii) Is for payment for the provision of property or services to FHFA which the person has not provided as claimed. (2) Each voucher, invoice, claim form, or other individual request or demand for property, services, or money constitutes a separate claim for purposes of this part. (3) A claim shall be considered made to FHFA, a recipient, or party when the claim is actually made to an agent, fiscal intermediary, or other entity, acting for or on behalf of FHFA, the recipient, or the party. (4) Each claim for property, services, or money is subject to a civil penalty, without regard to whether the property, services, or money actually is delivered or paid. (5) There is no liability under this part if the amount of money or value of property or services claimed exceeds $150,000 as to each claim that a person submits. For purposes of this paragraph (a), a group of claims submitted simultaneously as part of a

official document · source cfr-2024 · id 12:§ 1217.3