TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 47 - FRAUD AND FALSE STATEMENTS
Sec. 1010. Department of Housing and Urban Development and Federal
Housing Administration transactions
Whoever, for the purpose of obtaining any loan or advance of
credit from any person, partnership, association, or corporation
with the intent that such loan or advance of credit shall be
offered to or accepted by the Department of Housing and Urban
Development for insurance, or for the purpose of obtaining any
extension or renewal of any loan, advance of credit, or mortgage
insured by such Department, or the acceptance, 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
Department, 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 document, knowing it to have been
altered, forged, or counterfeited, or willfully overvalues any
security, 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, Sec. 24(c),
May 25, 1967, 81 Stat. 28; Pub. L. 103-322, title XXXIII, Sec.
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, Sec. 512(a), 48 Stat. 1265; Feb.
3, 1938, ch. 13, Sec. 9, 52 Stat. 24).
Reference to persons causing or procuring was omitted as
unnecessary in view of definition of "principal" in section 2 of
"$5,000" was substituted for "$3,000" to make this section more
consistent in its punishment provisions with comparable sections.
(See section 1008 of this title.)
Minor changes in phraseology were made.
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
Administration" and "Department" for "Administration" in two
Transactional Records Access
Clearinghouse, Syracuse University