18 U.S. Code § 1011 - Federal land bank mortgage transactions

Whoever, being a mortgagee, knowingly makes any false statement in any paper, proposal, or letter, relating to the sale of any mortgage, to any Federal land bank; or
Whoever, being an appraiser, willfully over-values any land securing such mortgage—
Shall be fined under this title or imprisoned not more than one year, or both.

Source

(June 25, 1948, ch. 645, 62 Stat. 751; Pub. L. 103–322, title XXXIII, § 330016(1)(K),Sept. 13, 1994, 108 Stat. 2147.)
Historical and Revision Notes

Based on section 987 of title 12, U.S.C., 1940 ed., Banks and Banking (July 17, 1916, ch. 245, § 31, seventh paragraph, as added June 16, 1933, ch. 98, § 78,48 Stat. 272).
Minor changes were made in phraseology.
Amendments

1994—Pub. L. 103–322substituted “fined under this title” for “fined not more than $5,000” in last par.

 

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