46 U.S.C. § 31330 — Penalties

(a)(1) A mortgagor may be fined under title 18, imprisoned up to 2 years, or both, for intentionally defrauding by failing to disclose an obligation required by section 31323(a), incurring a prohibited contractual obligation under section 31323(b), or filing a mortgage to hinder or defraud an existing or future creditor or lienor. (2) The mortgagor also owes the Government a civil penalty up to $10,000 for failing to disclose, incurring the prohibited obligation, or filing a mortgage not in good faith. (b)(1) A person who knowingly violates section 31329 may receive a title 18 fine, up to 3 years’ imprisonment, or both. (2) The person also owes a civil penalty up to $25,000. (3) The vessel^* and equipment involved may be seized and forfeited to the Government. (c) If a nonindividual violates this section, its president or chief executive is also subject to the penalty.