12 U.S.C. § 4636b — Criminal penalty

submitted 18 years ago by Pub. L. 102-550 to r/title-12-BANKS-AND-BANKING · 76 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person subject to an effective removal or prohibition order who knowingly participates in a regulated entity without the Director’s written approval may be fined up to $1 million, imprisoned up to five years, or both.

Whoever, being subject to an order in effect under section 4636a of this title , without the prior written approval of the Director, knowingly participates, directly or indirectly, in any manner (including by engaging in an activity specifically prohibited in such an order) in the conduct of the affairs of any regulated entity must, despite section 3571 of title 18 , be fined no more than $1,000,000, imprisoned for no more than 5 years, or both.

the actual law source: uscode.house.gov ↗public domain

Whoever, being subject to an order in effect under section 4636a of this title, without the prior written approval of the Director, knowingly participates, directly or indirectly, in any manner (including by engaging in an activity specifically prohibited in such an order) in the conduct of the affairs of any regulated entity shall, notwithstanding section 3571 of title 18, be fined not more than $1,000,000, imprisoned for not more than 5 years, or both.

Source credit: (Pub. L. 102–550, title XIII, § 1378, as added Pub. L. 110–289, div. A, title I, § 1156(a), July 30, 2008, 122 Stat. 2777.)

history & why it existsrecord from the source credit

2008Enacted · Pub. L. 102-550 · 122 Stat. 2777

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-550 on 2008-07-30.

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