15 U.S.C. § 1717 — Penalties for violations
submitted 58 years ago by Pub. L. 90-448 to r/title-15-COMMERCE-AND-TRADE · 80 words · no verdicts yet
A person who willfully violates any provision of this chapter or a rule or regulation made under it may be fined, imprisoned, or both after conviction. The same penalties apply when a person willfully makes a materially false statement or leaves out a required material fact in a required filing or report.
Any person who willfully violates a provision of this chapter or a rule or regulation made under it, or who willfully makes an untrue statement of a material fact or leaves out a material fact that must be included in a "statement of record" filed under this chapter or in a "property report" issued under this chapter, must, after conviction, be fined no more than $10,000, imprisoned for no more than five years, or both. This section does not define "statement of record," "property report," or "material fact."
Any person who willfully violates any of the provisions of this chapter, or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this chapter, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
Source credit: (Pub. L. 90–448, title XIV, § 1418, Aug. 1, 1968, 82 Stat. 598; Pub. L. 96–153, title IV, § 408, Dec. 21, 1979, 93 Stat. 1132.)
- 1968Enacted · Pub. L. 90-448 · 82 Stat. 598
- 1979Amended · Pub. L. 96-153 · 93 Stat. 1132
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-448 on 1968-08-01.
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