In regards to section 19 of the FDIC in regards to De minimis Offenses. The second qualification criteria says: The offense was punishable by imprisonment for a term of less than one year and/or a fine of less than $1000.
Are there federal law standards for a Class A Misdemeanor, or would the state law where the charge was entered apply? For instance the federal guidance in this situation says, less than one year and the state of IL states up to one year for a class a. Which one is applied since this is a federally regulated organization?
Are there federal law standards for a Class A Misdemeanor, or would the state law where the charge was entered apply? For instance the federal guidance in this situation says, less than one year and the state of IL states up to one year for a class a. Which one is applied since this is a federally regulated organization?