Minors And Overstaying

I resently heard that minors are immuned from any time penalty for over staying their visas once they are under the age of 18. I heard the only consequence is there visa being canceled in which case they must simply apply for a new one. Is this correct or was I misinformed ?

Look at 8 USC 1182(9)b)(iii)(I) / INA 212(9)b)(iii)(I)

Quote:

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Minors No period of time in which an alien is under 18 years of age shall be taken into account in determining the period of unlawful presence in the United States under clause (i).

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