12 CFR 310.12 - Penalties.

Code of Federal Regulations - Title 12: Banks and Banking

Updated to: January 01, 2011

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Title 12: Banks and Banking

CHAPTER III: FEDERAL DEPOSIT INSURANCE CORPORATION

SUBCHAPTER A: PROCEDURE AND RULES OF PRACTICE

PART 310: PRIVACY ACT REGULATIONS

310.12 - Penalties.Subsection (i)(3) of the Privacy Act of 1974 (5 U.S.C. 552a(i)(3)) imposes criminal penalties for obtaining Corporation records on individuals under false pretenses. The subsection provides as follows:

Any person who knowingly and willfully requests or obtains any record concerning an individual from an agency under false pretenses shall be guilty of a misdemeanor and fined not more than $5,000.