12 CFR §1003.6 — Enforcement (HMDA / Regulation C)
Regulation C §1003.6 fixes administrative enforcement authority for HMDA violations, the bona-fide-error safe harbor, and the good-faith-effort quarterly recording / reporting safe harbors.
Verbatim regulatory text
Verbatim provisions from 12 CFR §1003.6 — Enforcement (HMDA / Regulation C) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §1003.6(a) — Administrative enforcement & civil money penalties
(a) Administrative enforcement. A violation of the Act or this part is subject to administrative sanctions as provided in section 305 of the Act ( 12 U.S.C. 2804 ), including the imposition of civil money penalties, where applicable. Compliance is enforced by the agencies listed in section 305 of the Act .
12 CFR §1003.6(b)(1) — Bona fide error safe harbor
An error in compiling or recording data for a covered loan or application is not a violation of the Act or this part if the error was unintentional and occurred despite the maintenance of procedures reasonably adapted to avoid such an error.
12 CFR §1003.6(b)(2) — Incorrect census-tract entry deemed bona fide
An incorrect entry for a census tract number is deemed a bona fide error, and is not a violation of the Act or this part, provided that the financial institution maintains procedures reasonably adapted to avoid such an error.
12 CFR §1003.6(c)(1) — Good-faith quarterly recording safe harbor
If a financial institution makes a good-faith effort to record all data required to be recorded pursuant to § 1003.4(f) fully and accurately within 30 calendar days after the end of each calendar quarter, and some data are nevertheless inaccurate or incomplete, the inaccuracy or omission is not a violation of the Act or this part provided that the institution corrects or completes the data prior to submitting its annual loan/application register pursuant to § 1003.5(a)(1)(i) .
12 CFR §1003.6(c)(2) — Good-faith quarterly reporting safe harbor
If a financial institution required to comply with § 1003.5(a)(1)(ii) makes a good-faith effort to report all data required to be reported pursuant to § 1003.5(a)(1)(ii) fully and accurately within 60 calendar days after the end of each calendar quarter, and some data are nevertheless inaccurate or incomplete, the inaccuracy or omission is not a violation of the Act or this part provided that the institution corrects or completes the data prior to submitting its annual loan/application register pursuant to § 1003.5(a)(1)(i) .