(a) Amounts deducted. If we find that we must impose a penalty deduction, you will lose from your SSI benefits a total amount of—
- (1) $25 for a report overdue in the first penalty period;
- (2) $50 for a report overdue in the second penalty period; and
- (3) $100 for a report overdue in the third (or any following) penalty period.
- (b) Limit on number of penalties. Even though more than one required report is overdue from you at the end of a penalty period, we will limit the number of penalty deductions imposed to one penalty deduction for any one penalty period.