§ 9308. Civil penalty  


Latest version.
  • 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.

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

Historical And Revision

Historical and Revision Notes

Revised Section

Source (U.S. Code)

Source (Statutes at Large)

9308

6:13.

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