18USC1344

CITE

18 USC Sec. 1344     01/03/95

EXPCITE

TITLE 18 - CRIMES AND CRIMINAL PROCEDURE PART I - CRIMES CHAPTER 63 - MAIL FRAUD

HEAD

Sec. 1344. Bank fraud

STATUTE

Whoever knowingly executes, or attempts to execute, a scheme or artifice -

(1) to defraud a financial institution; or

(2) to obtain any of the moneys, funds, credits, assets, securities or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises; shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

SOURCE

(Added Pub. L. 98-473, title II, Sec. 1108(a), Oct. 12, 1984, 98 Stat. 2147; amended Pub. L. 101-73, title IX, Sec. 961(k), Aug. 9, 1989, 103 Stat. 500; Pub. L. 101-647, title XXV, Sec. 2504(j), Nov. 29, 1990, 104 Stat. 4861.)

MISC1     AMENDMENTS

1990 - Pub. L. 101-647 substituted ''30'' for ''20'' before ''years''.

1989 - Pub. L. 101-73 amended section generally, restating former subsec. (a) and striking out former subsec. (b) which defined ''federally chartered or insured financial institution''. Prior to amendment, subsec. (a) read as follows: ''Whoever knowingly executes, or attempts to execute, a scheme or artifice - ''(1) to defraud a federally chartered or insured financial institution; or''(2) to obtain any of the moneys, funds, credits, asset securities or other property owned by or under the custody or control of a federally chartered or insured financial institution by means of false or fraudulent pretenses, representations, or promises, shall be fined not more than $10,000, or imprisoned not more than five years, or both.''

SECREF    SECTION REFERRED TO IN OTHER SECTION

This section is referred to in sections 225, 981, 982, 1510, 1961, 2326, 3059A, 3293, 3322 of this title; title 12 sections 1785, 1786, 1787, 1821, 1828, 1829, 1831k, 1833a.