§ 9308 - Civil penalty

CHAPTER 93— SURETIES AND SURETY BONDS

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.

Notes

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large) 93086:13.

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