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18 U.S.C. 1011: Federal land bank mortgage transactionsText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 18-CRIMES AND CRIMINAL PROCEDURECHAPTER 47-FRAUD AND FALSE STATEMENTS
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§1011. Federal land bank mortgage transactions

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. 645 , 62 Stat. 751 ; Pub. L. 103–322, title XXXIII, § 330016(1)(K) , Sept. 13, 1994 , 108 Stat. 2147 .)

Historical and Revision Notes

Based on section 987 of title 12, U.S.C., 1940 ed., Banks and Banking (July 17, 1916, ch. 245, § 31, seventh paragraph, as added June 16, 1933, ch. 98, § 78, 48 Stat. 272).

Minor changes were made in phraseology.

Editorial Notes

Amendments

1994⁠—Pub. L. 103–322 substituted “fined under this title” for “fined not more than $5,000” in last par.