Title 7 — AgricultureRelease 119-73not60

§3502 Civil Penalty

Title 7 › Chapter 66— AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE › § 3502

Last updated Apr 3, 2026|Official source

Summary

The Secretary may fine anyone who fails to file a required report or who knowingly files a report that leaves out required information or is false or misleading. The fine cannot be more than 25% of the land interest’s fair market value on the assessment date.

Full Legal Text

Title 7, §3502

Agriculture — Source: USLM XML via OLRC

(a)If the Secretary determines that a person—

(1)has failed to submit a report in accordance with the provisions of section 3501 of this title, or

(2)has knowingly submitted a report under section 3501 of this title—

(A)which does not contain all the information required to be in such report, or

(B)which contains information that is misleading or false,

(b)The amount of any civil penalty imposed by the Secretary under subsection (a) of this section shall be such amount as the Secretary determines to be appropriate to carry out the purposes of this chapter, except that such amount shall not exceed 25 percent of the fair market value, on the date of the assessment of such penalty, of the interest in agricultural land with respect to which such violation occurred.

Reference

Citations & Metadata

Citation

7 U.S.C. § 3502

Title 7 — Agriculture

Last Updated

Apr 3, 2026

Release point: 119-73not60