18 U.S.C. § 1010 — Department of Housing and Urban Development and Federal Housing Administration transactions
submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 164 words · no verdicts yet
This section makes it a crime to knowingly use false or altered documents or willfully overvalue security, assets, or income in connection with certain loans, credit, mortgages, or actions involving the Department of Housing and Urban Development. The punishment is a fine, up to two years in prison, or both.
A person commits the offense covered by this section if, for the purpose of getting a loan or credit advance from a person or business with the intent that the loan or advance will be offered to or accepted by the Department* of Housing and Urban Development for insurance; getting an extension or renewal of a loan, credit advance, or mortgage insured by that Department; having security accepted, released, or substituted for such a loan, advance, or mortgage; or influencing the Department’s action in any way, the person does any of the following: makes, passes, says, or publishes a statement knowing it is false; changes, forges, or counterfeits an instrument, paper, or document; uses, publishes, or passes off as genuine an instrument, paper, or document knowing it was changed, forged, or counterfeited; or willfully overvalues security, an asset, or income. The person may be fined under this title, imprisoned for no more than two years, or both.
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 credit: (June 25, 1948, ch. 645, 62 Stat. 751; Pub. L. 90–19, § 24(c), May 25, 1967, 81 Stat. 28; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147.)
- 1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 751
- 1967Amended · Pub. L. 90-19 · 81 Stat. 28
- 1994Amended · Pub. L. 103-322 · 108 Stat. 2147
A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.
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