CITE

    18 USC Sec. 1010                                            01/05/2009

EXPCITE

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

HEAD

    Sec. 1010. Department of Housing and Urban Development and Federal
      Housing Administration transactions

STATUTE

      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.

SOURCE

    (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
    this title.
      "$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.
                                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
    Administration" and "Department" for "Administration" in two
    places, respectively.