18 U.S.C. § 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.

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