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What are the current ramifications for filing a Form LM-10 late? Are there any monetary penalties?

April 26, 2017filing form late lm-10 monetary penalties ramifications

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What are the current ramifications for filing a Form LM-10 late? Are there any monetary penalties?

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A71. The LMRDA does not authorize civil monetary penalties for late filing of any required report. However, it does authorize the Department of Labor to bring a civil action in order to compel the filing of any required report and provides for criminal penalties for willfully failing to file a required report or submitting a false report. See FAQ, Questions 66, 69, and 70 concerning the Department’s enforcement policy for delinquent Forms LM-10 for fiscal years prior to 2005.