18 U.S.C. § 1011 — Federal land bank mortgage transactions

Page 302 TITLE 18—CRIMES AND CRIMINAL PROCEDURE [§§ 1008, 1009 Editorial Notes AMENDMENTS 1994—Pub. L. 103–322 substituted ‘‘transactions’’ for ‘‘Transactions’’ in section catchline. 1990—Pub. L. 101–647 substituted ‘‘30’’ for ‘‘20’’ before ‘‘years’’. 1989—Pub. L. 101–73 substituted ‘‘Transactions’’ for ‘‘transactions’’ in section catchline and amended text generally. Prior to amendment, text read as follows: ‘‘Whoever, for the purpose of obtaining any loan from the Federal Deposit Insurance Corporation, or any ex- tension or renewals thereof, or the acceptance, release, or substitution of security therefor, or for the purpose of inducing the Federal Deposit Insurance Corporation to purchase any assets, or for the purpose of obtaining the payment of any insured deposit or transferred de- posit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation, makes any statement, knowing it to be false, or will- fully overvalues any security, shall be fined not more than $5,000 or imprisoned not more than two years, or both.’’ [§§ 1008, 1009. Repealed. Pub. L. 101–73, title IX, §§ 961(g)(1), 962(a)(3), Aug. 9, 1989, 103 Stat. 500, 502] Section 1008, act June 25, 1948, ch. 645, 62 Stat. 751, provided for fine or imprisonment for certain prohib- ited actions taken to obtain insurance from, or to in- fluence in any way, the Federal Savings and Loan In- surance Corporation. Section 1009, act June 25, 1948, ch. 645, 62 Stat. 751, provided for fine or imprisonment for making certain statements or rumors, untrue in fact, which were de- rogatory or affected solvency or financial condition of the Federal Savings and Loan Insurance Corporation. § 1010. Department of Housing and Urban Devel- opment and Federal Housing Administration transactions Whoever, for the purpose of obtaining any loan or advance of credit from any person, partner- ship, association, or corporation with the intent that such loan or advance of credit shall be of- fered to or accepted by the Department of Hous- ing and Urban Development for insurance, or for the purpose of obtaining any extension or re- newal of any loan, advance of credit, or mort- gage insured by such Department, or the accept- ance, release, or substitution of any security on such a loan, advance of credit, or for the purpose of influencing in any way the action of such De- partment, makes, passes, utters, or publishes any statement, knowing the same to be false, or alters, forges, or counterfeits any instrument, paper, or document, or utters, publishes, or passes as true any instrument, paper, or docu- ment, knowing it to have been altered, forged, or counterfeited, or willfully overvalues any se- curity, asset, or income, shall be fined under this title or imprisoned not more than two years, or both. (June 25, 1948, ch. 645, 62 Stat. 751; Pub. L. 90–19, § 24(c), May 25, 1967, 81 Stat. 28; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147.) HISTORICAL AND REVISION NOTES Based on section 1731(a) of title 12, U.S.C., 1940 ed., Banks and Banking (June 27, 1934, ch. 847, § 512(a), 48 Stat. 1265; Feb. 3, 1938, ch. 13, § 9, 52 Stat. 24). Reference to persons causing or procuring was omit- ted as unnecessary in view of definition of ‘‘principal’’ in section 2 of this title. ‘‘$5,000’’ was substituted for ‘‘$3,000’’ to make this sec- tion more consistent in its punishment provisions with comparable sections. (See section 1008 of this title.) Minor changes in phraseology were made. Editorial Notes AMENDMENTS 1994—Pub. L. 103–322 substituted ‘‘fined under this title’’ for ‘‘fined not more than $5,000’’. 1967—Pub. L. 90–19 included reference to Department of Housing and Urban Development in section catchline and substituted in text ‘‘Department of Housing and Urban Development’’ for ‘‘Federal Housing Administra- tion’’ and ‘‘Department’’ for ‘‘Administration’’ in two places, respectively. § 1011. Federal land bank mortgage transactions Whoever, being a mortgagee, knowingly makes any false statement in any paper, pro- posal, or letter, relating to the sale of any mort- gage, 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. (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 para- graph, as added June 16, 1933, ch. 98, § 78, 48 Stat. 272). Minor changes were made in phraseology. Editorial Notes AMENDMENTS 1994—Pub. L. 103–322 substituted ‘‘fined under this title’’ for ‘‘fined not more than $5,000’’ in last par. § 1012. Department of Housing and Urban Devel- opment transactions Whoever, with intent to defraud, makes any false entry in any book of the Department of Housing and Urban Development or makes any false report or statement to or for such Depart- ment; or Whoever receives any compensation, rebate, or reward, with intent to defraud such Department or with intent unlawfully to defeat its purposes; or Whoever induces or influences such Depart- ment to purchase or acquire any property or to enter into any contract and willfully fails to dis- close any interest which he has in such property or in the property to which such contract re- lates, or any special benefit which he expects to receive as a result of such contract— Shall be fined under this title or imprisoned not more than one year, or both. (June 25, 1948, ch. 645, 62 Stat. 752; Oct. 31, 1951, ch. 655, § 26, 65 Stat. 720; Pub. L. 90–19, § 24(d), May 25, 1967, 81 Stat. 28; Pub. L. 103–322, title XXXIII, § 330016(1)(H), Sept. 13, 1994, 108 Stat. 2147.) HISTORICAL AND REVISION NOTES Based on sections 1423–1425 of title 42, U.S.C., 1940 ed., The Public Health and Welfare (Sept. 1, 1937, ch. 896, §§ 23–25, 50 Stat. 899).