Penalties

Question 1

What is the penalty for For obtaining personal information - GLB

Answer 1

5 years with a fine

Question 2

What is the penalty for Sending Unauthorized fax?

Answer 2

$500

Question 3

What is the penalty for Violating RESPA?

Answer 3

$10,000 and/or 1 year in jail

Question 4

What is the penalty for Violating ECOA?

Answer 4

$10,000 Fine

Question 5

What is the penalty for Violating TILA?

Answer 5

$5,000 Single $25,000 Reckless
$1,000,000 Knowingly Violating TRID

Question 6

What is the penalty for Violating SAFE Act?

Answer 6

$28,474 each time / $30,058 (2021)

Question 7

What is the penalty for violating the DNC?

Do not Call List

Answer 7

$42,530 per call/ $43,280 (2021)

Question 8

What is the violation for HMDA?

Answer 8

HMDA - Calculated based on a penalty matrix, which considers good faith, previous violations, and
financial resources of the entity involved

Question 9

What s the penalty for violation FACTA?

Answer 9

$5,000 or 1 year or both

Question 10

What is the penalty for giving a False statement on 1003?

Answer 10

up to 5 years in jail

Question 11

What is the penalty for violating FCRA?

Answer 11

$1,000 2 years/5 years