; (2) the sale price is not higher than the amount the seller paid for the property that is the subject of the covered contract; and (3) no interest is charged. (h) Civil penalty A seller with respect to a covered contract that violates the requirements of this section shall be liable to the purchaser in the covered contract in an amount equal to— (1) the greater of— (A) the actual damage caused to the purchaser by reason of the violation; and (B) $10,000; and (2) the costs of any civil action and attorney’s fees. (i) Regulations Not later than 1 year after the date of enactment of this Act, the Bureau shall promulgate regulations to carry out this section. (j) GAO study Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to Congress a report on— (1) the size and scope of the covered contract market; and (2) the predatory practices occurring within the covered contract market.