of any territory, for an injunction to enforce such order, and, if the court determines that there has been such violation or attempted violation or failure to obey, it shall be the duty of the court to issue such injunction. (m) Failure To register or be authorized Any payment stablecoin issuer that fails to obtain the applicable registration or authorization under this Act, or an institution-affiliated party that knowingly participates in such a failure, shall be liable for a civil penalty of not more than $1,000,000 to the Board for each day during which such failure continues. The Board may also seek appropriate relief under subsection (a) for failure of a payment stablecoin issuer or other person to register or be authorized under section 6 or 7, as appropriate. (n) First tier civil monetary penalties Except as provided in subsection (m), a payment stablecoin issuer or institution-affiliated party of such payment stablecoin issuer that violates this Act or any rule or order issued pursuant to this Act, or that violates any condition imposed in writing in connection with a written agreement entered into between the payment stablecoin issuer and the applicable payment stablecoin regulator, or a condition imposed in connection with any application or other request, shall be liable for a civil penalty of up to $100,000 for each day during which the violation continues. (o) Second tier civil monetary penalties Except as provided in subsection (m), a payment stablecoin issuer or any institution-affiliated party of such payment stablecoin issuer that knowingly participates in a violation of any provision of this Act, or any rule or order issued pursuant thereto, is liable for a civil penalty of up to an additional $100,000 for each day during which the violation continues. (p) Civil monetary penalty procedure (1) Assessment and collection Any civil monetary penalty imposed under this section may be assessed and collected by the applicable payment stablecoin regulator by following the procedure set forth under