TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 47 - FRAUD AND FALSE STATEMENTS
Sec. 1007. Federal Deposit Insurance Corporation transactions
Whoever, for the purpose of influencing in any way the action of
the Federal Deposit Insurance Corporation, knowingly makes or
invites reliance on a false, forged, or counterfeit statement,
document, or thing shall be fined not more than $1,000,000 or
imprisoned not more than 30 years, or both.
(June 25, 1948, ch. 645, 62 Stat. 750; Pub. L. 101-73, title IX,
Sec. 961(f), Aug. 9, 1989, 103 Stat. 500; Pub. L. 101-647, title
XXV, Sec. 2504(f), Nov. 29, 1990, 104 Stat. 4861; Pub. L. 103-322,
title XXXIII, Sec. 330002(c), Sept. 13, 1994, 108 Stat. 2140.)
HISTORICAL AND REVISION NOTES
Based on section 264(s) of title 12, U.S.C., 1940 ed., Banks and
Banking (Dec. 23, 1913, ch. 6, Sec. 12B(s), as added June 16, 1933,
ch. 89, Sec. 8, 48 Stat. 177; Aug. 23, 1935, ch. 614, Sec. 101, 49
Words "Federal Deposit Insurance" were inserted before
"Corporation" in three places, so as to identify said Corporation,
and phrase "under this section" was omitted as no longer
applicable, considering transfer of this section to this title.
Minor changes were made in phraseology.
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 extension 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 deposit 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
willfully overvalues any security, shall be fined not more than
$5,000 or imprisoned not more than two years, or both."
Transactional Records Access
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