USC 2013 ed., current through 2014-01-16 · in effect Jan 5, 2009 to Jan 5, 2015 · last amended by Pub. L. 111-192
The corporation may assess a penalty, payable to the corporation, against any person who fails to provide any notice or other material information required under this subtitle, subtitle A, B, or C of this subchapter, or
section 1083(k)(4) of this title,,
1 or any regulations prescribed under any such subtitle or such section, within the applicable time limit specified therein. Such penalty shall not exceed $1,000 for each day for which such failure continues.