2020 US Code
Title 31 - Money and Finance
Subtitle VI - Miscellaneous
Chapter 93 - Sureties and Surety Bonds
Sec. 9308 - Civil penalty

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Citation 31 U.S.C. § 9308 (2020)
Section Name §9308. Civil penalty
Section Text

A surety corporation is liable to the United States Government for a civil penalty of at least $500 but not more than $5,000 for violating section 9304, 9305, or 9306 of this title. A civil action under this section may be brought in a judicial district in which a civil action may be brought against the corporation under section 9307 of this title. A penalty imposed under this section does not affect the validity of a contract made by the surety corporation.

Source Credit

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
9308 6:13.

The section is substituted for 6:13 for clarity and consistency.

Publication Title United States Code, 2018 Edition, Supplement 2, Title 31 - MONEY AND FINANCE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 31 - MONEY AND FINANCE
SUBTITLE VI - MISCELLANEOUS
CHAPTER 93 - SURETIES AND SURETY BONDS
Sec. 9308 - Civil penalty
Contains section 9308
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law Yes
Disposition standard
Statutes at Large References 96 Stat. 1049
Public Law References Public Law 97-258
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