18 U.S.C. § 893 — Financing extortionate extensions of credit
submitted 58 years ago by Pub. L. 90-321 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 96 words · no verdicts yet
Anyone who knowingly provides money or property, in any form, intending it to finance extortionate credit may receive a fine, a fine up to twice the value advanced, up to 20 years in prison, or both.
A person who willfully advances money or property—whether as a gift, loan, investment, partnership or profit-sharing contribution, or otherwise—to someone, with reasonable grounds to believe that person intends to use it directly or indirectly to make extortionate extensions of credit, may be fined under this title or up to twice the value advanced, whichever is greater, imprisoned for up to 20 years, or both. This section does not define “extortionate extensions of credit.”
Whoever willfully advances money or property, whether as a gift, as a loan, as an investment, pursuant to a partnership or profit-sharing agreement, or otherwise, to any person, with reasonable grounds to believe that it is the intention of that person to use the money or property so advanced directly or indirectly for the purpose of making extortionate extensions of credit, shall be fined under this title or an amount not exceeding twice the value of the money or property so advanced, whichever is greater, or shall be imprisoned not more than 20 years, or both.
Source credit: (Added Pub. L. 90–321, title II, § 202(a), May 29, 1968, 82 Stat. 161; amended Pub. L. 103–322, title XXXIII, § 330016(1)(L), Sept. 13, 1994, 108 Stat. 2147.)
- 1968Enacted · Pub. L. 90-321 · 82 Stat. 161
- 1994Amended · Pub. L. 103-322 · 108 Stat. 2147
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1968-05-29.
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