Whoever, being a mortgagee, knowingly makes any false statement in any paper, proposal, or letter, relating to the sale of any mortgage, to any Federal land bank; or
Whoever, being an appraiser, willfully over-values any land securing such mortgage—
Shall be fined under this title or imprisoned not more than one year, or both.
June 25, 1948, ch. 64562 Stat. 751Pub. L. 103–322, title XXXIII, § 330016(1)(K)108 Stat. 2147(, ; , , .)
Historical and Revision Notes
section 987 of title 12July 17, 1916, ch. 245, § 31June 16, 1933, ch. 98, § 7848 Stat. 272Based on , U.S.C., 1940 ed., Banks and Banking (, seventh paragraph, as added , ).
Minor changes were made in phraseology.
Editorial Notes
Amendments
Pub. L. 103–3221994— substituted “fined under this title” for “fined not more than $5,000” in last par.