Code of Federal Regulations · Section
§ 263.63 — Assessment Order
12 C.F.R. § 263.63
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(a) In the event of consent to an assessment by the person concerned, or if, upon the record made at an administrative hearing, the Board finds that the grounds for having assessed the penalty have been established, the Board may issue a final order of assessment of civil penalty. In its final order, the Board may modify the amount of the penalty specified in the notice of assessment.
(b) An assessment order is effective immediately upon issuance, or upon such other date as may be specified therein, and shall remain effective and enforceable until it is stayed, modified, terminated, or set aside by action of the Board or a reviewing court.
Authorizing Statute
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Civil penalties31 U.S.C. § 5321
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Enforcement provisions15 U.S.C. § 21
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Enumerated powers12 U.S.C. § 248
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Mode of recovery28 U.S.C. § 2461
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Costs and fees of parties5 U.S.C. § 504