# 12 CFR § 238.6: Penalties for violations

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-238.6

## Section

- **Citation:** 12 CFR § 238.6
- **Heading:** Penalties for violations
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER II—FEDERAL RESERVE SYSTEM > SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM > PART 238—SAVINGS AND LOAN HOLDING COMPANIES (REGULATION LL) > Subpart A—General Provisions

## Text

(a) Criminal and civil penalties. (1) Section 10 of the HOLA provides criminal penalties for willful violation, and civil penalties for violation, by any company or individual, of HOLA or any regulation or order issued under it, or for making a false entry in any book, report, or statement of a savings and loan holding company.
(2) Civil money penalty assessments for violations of HOLA shall be made in accordance with subpart C of the Board's Rules of Practice for Hearings (12 CFR part 263, subpart C). For any willful violation of the Bank Control Act or any regulation or order issued under it, the Board may assess a civil penalty as provided in 12 U.S.C. 1817(j)(15).
(b) Cease-and-desist proceedings. For any violation of HOLA, the Bank Control Act, this regulation, or any order or notice issued thereunder, the Board may institute a cease-and-desist proceeding in accordance with the Financial Institutions Supervisory Act of 1966, as amended (12 U.S.C. 1818(b) et seq.).

## Nearby sections

- [12 CFR § 238.1 § 238.1 Authority, purpose and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.1.md)
- [12 CFR § 238.2 § 238.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.2.md)
- [12 CFR § 238.3 § 238.3 Administration.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.3.md)
- [12 CFR § 238.4 § 238.4 Records, reports, and inspections.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.4.md)
- [12 CFR § 238.5 § 238.5 Audit of savings association holding companies.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.5.md)
- [12 CFR § 238.6 § 238.6 Penalties for violations.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.6.md)
- [12 CFR § 238.7 § 238.7 Tying restriction exception.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.7.md)
- [12 CFR § 238.8 § 238.8 Safe and sound operations, and Small Bank Holding Company Policy Statement.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.8.md)
- [12 CFR § 238.9 § 238.9 Control over securities.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.9.md)
- [12 CFR § 238.10 § 238.10 Categorization of banking organizations.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.10.md)
- [12 CFR § 238.11 § 238.11 Transactions requiring Board approval.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.11.md)
- [12 CFR § 238.12 § 238.12 Transactions not requiring Board approval.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.12.md)
- [12 CFR § 238.13 § 238.13 Prohibited acquisitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.13.md)
- [12 CFR § 238.14 § 238.14 Procedural requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-238.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-238.6. Check the current official text before relying on it. Not legal advice.