View Rule

The Department of Veterans Affairs (VA) is amending its regulations by providing notice to reflect statutory increases in maximum civil monetary penalties. Under 38 U.S.C. 3710, VA may impose civil monetary penalties for false loan guaranty certifications. Also, under 31 U.S.C. 3802, VA may impose civil monetary penalties for fraudulent claims and for fraudulent statements.  The Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties and requires VA to give notice of the new maximum amounts by regulation. Accordingly, this document gives notice that the maximum civil monetary penalties have been increased as follows: $17,876 maximum civil monetary penalty for false loan guaranty certifications; $8,908 maximum civil monetary penalty for fraudulent claims; and $8,908 maximum civil monetary penalty for fraudulent statements.