CITE

    18 USC Sec. 1011                                            01/05/2009

EXPCITE

    TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
    PART I - CRIMES
    CHAPTER 47 - FRAUD AND FALSE STATEMENTS

HEAD

    Sec. 1011. Federal land bank mortgage transactions

STATUTE

      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, Sec. 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, Sec. 31, seventh paragraph, as
    added June 16, 1933, ch. 98, Sec. 78, 48 Stat. 272).
      Minor changes were made in phraseology.
                                AMENDMENTS
      1994 - Pub. L. 103-322 substituted "fined under this title" for
    "fined not more than $5,000" in last par.