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us/statute/12/1467a/r — Penalty for failure to provide timely and accurate reports · Axiom

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first_tier_report_penalty_daily_cap12 USC § 1467a (r) · parameter

12 USC 1467a(r)

name: first_tier_report_penalty_daily_cap
kind: parameter
dtype: Money
unit: USD
source: 12 USC 1467a(r)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/1467a
          excerpt: not more than $2,000 for each day
versions:
  - effective_from: '0001-01-01'
    formula: '2000'

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second_tier_report_penalty_daily_cap12 USC § 1467a (r) · parameter

12 USC 1467a(r)

name: second_tier_report_penalty_daily_cap
kind: parameter
dtype: Money
unit: USD
source: 12 USC 1467a(r)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/1467a
          excerpt: not more than $20,000 for each day
versions:
  - effective_from: '0001-01-01'
    formula: '20000'

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third_tier_report_penalty_fixed_daily_cap12 USC § 1467a (r) · parameter

12 USC 1467a(r)

name: third_tier_report_penalty_fixed_daily_cap
kind: parameter
dtype: Money
unit: USD
source: 12 USC 1467a(r)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/1467a
          excerpt: not more than $1,000,000 or 1 percent of total assets
versions:
  - effective_from: '0001-01-01'
    formula: '1000000'

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third_tier_report_penalty_asset_share_cap12 USC § 1467a (r) · parameter

12 USC 1467a(r)

name: third_tier_report_penalty_asset_share_cap
kind: parameter
dtype: Rate
source: 12 USC 1467a(r)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1467a
          excerpt: 1 percent of total assets
versions:
  - effective_from: '0001-01-01'
    formula: '0.01'

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report_penalty_daily_cap12 USC § 1467a (r) · derived

12 USC 1467a(r)

name: report_penalty_daily_cap
kind: derived
entity: SavingsAndLoanHoldingCompany
dtype: Money
period: Day
unit: USD
source: 12 USC 1467a(r)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/12/1467a
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/1467a
          excerpt: $2,000 ... $20,000 ... $1,000,000 or 1 percent
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if first_tier_report_violation_applies:
      first_tier_report_penalty_daily_cap else: if
      second_tier_report_violation_applies: second_tier_report_penalty_daily_cap
      else: if third_tier_report_violation_applies:
      min(third_tier_report_penalty_fixed_daily_cap, total_assets *
      third_tier_report_penalty_asset_share_cap) else: 0

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▸rulespec code

Shown source

statutes/12/1467a.yaml

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Rules

qualified_thrift_investment_percentage_threshold

Parameter

source: 12 USC 1467a(m)

- name: qualified_thrift_investment_percentage_threshold
  kind: parameter
  dtype: Rate
  source: 12 USC 1467a(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: qualified thrift investments equal or exceed 65 percent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.65'

qualified_thrift_monthly_average_required_months

Parameter

source: 12 USC 1467a(m)

- name: qualified_thrift_monthly_average_required_months
  kind: parameter
  dtype: Count
  source: 12 USC 1467a(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: on a monthly average basis in 9 out of every 12 months
  versions:
    - effective_from: '0001-01-01'
      formula: '9'

qualified_thrift_lender

Derived

source: 12 USC 1467a(m)

- name: qualified_thrift_lender
  kind: derived
  entity: SavingsAssociation
  dtype: Judgment
  period: Month
  source: 12 USC 1467a(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1467a
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: 65 percent
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: 9 out of every 12 months
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        qualifies_as_domestic_building_and_loan_association
        or (
          qualified_thrift_investments_divided_by_portfolio_assets >= qualified_thrift_investment_percentage_threshold
          and months_in_prior_twelve_meeting_monthly_average_requirement >= qualified_thrift_monthly_average_required_months
        )

qualified_stock_issuance_voting_stock_limit

Parameter

source: 12 USC 1467a(q)

- name: qualified_stock_issuance_voting_stock_limit
  kind: parameter
  dtype: Rate
  source: 12 USC 1467a(q)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: not more than 15 percent of the outstanding voting stock
  versions:
    - effective_from: '0001-01-01'
      formula: '0.15'

qualified_stock_issuance

Derived

source: 12 USC 1467a(q)

- name: qualified_stock_issuance
  kind: derived
  entity: SavingsAndLoanHoldingCompany
  dtype: Judgment
  period: Day
  source: 12 USC 1467a(q)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1467a
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: not more than 15 percent
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        issuer_is_undercapitalized_savings_association_or_qualifying_holding_company

        and shares_are_previously_unissued_or_treasury_shares

        and all_shares_purchased_by_registered_savings_and_loan_holding_company

        and board_approved_purchase

        and entire_consideration_paid_in_cash

        and acquiring_company_voting_stock_share_after_issuance <=
        qualified_stock_issuance_voting_stock_limit

        and not more_than_one_issuer_director_represents_acquiring_company

        and transactions_with_acquiring_company_subject_to_section_1468

first_tier_report_penalty_daily_cap

Parameter

source: 12 USC 1467a(r)

- name: first_tier_report_penalty_daily_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1467a(r)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: not more than $2,000 for each day
  versions:
    - effective_from: '0001-01-01'
      formula: '2000'

second_tier_report_penalty_daily_cap

Parameter

source: 12 USC 1467a(r)

- name: second_tier_report_penalty_daily_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1467a(r)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: not more than $20,000 for each day
  versions:
    - effective_from: '0001-01-01'
      formula: '20000'

third_tier_report_penalty_fixed_daily_cap

Parameter

source: 12 USC 1467a(r)

- name: third_tier_report_penalty_fixed_daily_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1467a(r)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: not more than $1,000,000 or 1 percent of total assets
  versions:
    - effective_from: '0001-01-01'
      formula: '1000000'

third_tier_report_penalty_asset_share_cap

Parameter

source: 12 USC 1467a(r)

- name: third_tier_report_penalty_asset_share_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1467a(r)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: 1 percent of total assets
  versions:
    - effective_from: '0001-01-01'
      formula: '0.01'

report_penalty_daily_cap

Derived

source: 12 USC 1467a(r)

- name: report_penalty_daily_cap
  kind: derived
  entity: SavingsAndLoanHoldingCompany
  dtype: Money
  period: Day
  unit: USD
  source: 12 USC 1467a(r)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/12/1467a
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1467a
            excerpt: $2,000 ... $20,000 ... $1,000,000 or 1 percent
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if first_tier_report_violation_applies: first_tier_report_penalty_daily_cap else: if
        second_tier_report_violation_applies: second_tier_report_penalty_daily_cap else: if
        third_tier_report_violation_applies: min(third_tier_report_penalty_fixed_daily_cap,
        total_assets * third_tier_report_penalty_asset_share_cap) else: 0

▸citations (2)

References

This rule cites 2 other rules.

12 USC § 1818 (i)(2)inferredUS Federal › Statutes › Title 12 › § 1818 › (i)(2)
12 USC § 1818 (h)inferredUS Federal › Statutes › Title 12 › § 1818 › (h)

Penalty for failure to provide timely and accurate reports

Penalty for failure to provide timely and accurate reports

(1)First tier#

(2)Second tier#

(3)Third tier#

(4)Assessment#

(5)Hearing#

qualified_thrift_investment_percentage_threshold

qualified_thrift_monthly_average_required_months

qualified_thrift_lender

qualified_stock_issuance_voting_stock_limit

qualified_stock_issuance

first_tier_report_penalty_daily_cap

second_tier_report_penalty_daily_cap

third_tier_report_penalty_fixed_daily_cap

third_tier_report_penalty_asset_share_cap

report_penalty_daily_cap