What is the normal amount for the fines assessed?
Fines are based on principal and interest payments made to the bank on mortgages. With credit cards or credit lines it is the larger of payments or the line of credit. This total is multiplied by 4 for compensatory damages and this amount is then multiplied by 200 for punitive damages. This total is combined to create the total True Bill and ultimately becomes the amount of the judgment.
Related Questions
- Is VSP willing to sign a contract with its clients indicating that it will pay fines assessed as a result of any non-compliance findings of an official Federal compliance auditor?
- Why is the Pension Credit Assessed Income Figure (AIF) different to normal state benefit uprating and included in the indicator?
- Why are fines assessed against homeowners and not renters directly?
