FEDERAL · 31 U.S.C. · Chapter 93
Civil penalty
31 U.S.C. § 9308
Title31 — Money and Finance
Chapter93 — SURETIES AND SURETY BONDS
This text of 31 U.S.C. § 9308 (Civil penalty) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
31 U.S.C. § 9308.
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.
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Related
Colorado Division of Insurance v. Statewide Bonding, Inc.
(Colorado Court of Appeals, 2022)
Source Credit
History
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)
Editorial Notes
The section is substituted for 6:13 for clarity and consistency.
Cite This Page — Counsel Stack
Bluebook (online)
31 U.S.C. § 9308, Counsel Stack Legal Research, https://law.counselstack.com/usc/31/9308.