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18 U.S.C. § 493Bonds and obligations of certain lending agencies

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 167 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section punishes making or changing false copies of specified financial or official writings issued by listed federal agencies or authorized lending entities. It also punishes knowingly passing, publishing, or trying to pass or publish such writings as genuine.

A person who falsely makes, forges, counterfeits, or changes a note, bond, debenture, coupon, obligation, instrument, or writing to imitate, or appear to imitate, one issued by the Reconstruction Finance Corporation, Federal Deposit Insurance Corporation, National Credit Union Administration, Home Owners’ Loan Corporation, Farm Credit Administration, Department of Housing and Urban Development, or a land bank, intermediate credit bank, insured credit union, bank for cooperatives, or lending, mortgage, insurance, credit, or savings-and-loan corporation or association authorized or operating under United States law may be fined under this title, imprisoned for up to 10 years, or both. A person who passes, says, publishes, or tries to pass, say, or publish such a note, bond, or other writing as genuine, knowing it was falsely made, forged, counterfeited, or changed, may receive the same punishment.
the actual law source: uscode.house.gov ↗public domain

Whoever falsely makes, forges, counterfeits or alters any note, bond, debenture, coupon, obligation, instrument, or writing in imitation or purporting to be in imitation of, a note, bond, debenture, coupon, obligation, instrument or writing, issued by the Reconstruction Finance Corporation, Federal Deposit Insurance Corporation, National Credit Union Administration, Home Owners’ Loan Corporation, Farm Credit Administration, Department of Housing and Urban Development, or any land bank, intermediate credit bank, insured credit union, bank for cooperatives or any lending, mortgage, insurance, credit or savings and loan corporation or association authorized or acting under the laws of the United States, shall be fined under this title or imprisoned not more than 10 years, or both.

Whoever passes, utters, or publishes, or attempts to pass, utter or publish any note, bond, debenture, coupon, obligation, instrument or document knowing the same to have been falsely made, forged, counterfeited or altered, contrary to the provisions of this section, shall be fined under this title or imprisoned not more than 10 years, or both.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 711; Pub. L. 87–353, § 3(p), Oct. 4, 1961, 75 Stat. 774; Pub. L. 90–19, § 24(a), May 25, 1967, 81 Stat. 27; Pub. L. 91–468, § 3, Oct. 19, 1970, 84 Stat. 1016; Pub. L. 103–322, title XXXIII, § 330016(1)(L), Sept. 13, 1994, 108 Stat. 2147; Pub. L. 107–56, title III, § 374(i), Oct. 26, 2001, 115 Stat. 341.)

history & why it existsrecord from the source credit
  • 1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 711
  • 1961Amended · Pub. L. 87-353 · 75 Stat. 774
  • 1967Amended · Pub. L. 90-19 · 81 Stat. 27
  • 1970Amended · Pub. L. 91-468 · 84 Stat. 1016
  • 1994Amended · Pub. L. 103-322 · 108 Stat. 2147
  • 2001Amended · Pub. L. 107-56 · 115 Stat. 341

A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.

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