Title 18 — Crimes and Criminal ProcedureRelease 119-73
§1011 Federal land bank mortgage transactions
Title 18 › Part PART I— - CRIMES › Chapter CHAPTER 47— - FRAUD AND FALSE STATEMENTS › § 1011
Summary
If a mortgage lender knowingly lies in papers, proposals, or letters about selling a mortgage to a Federal land bank, or an appraiser purposely gives the land a higher value than it deserves, they can be punished. They may be fined, imprisoned for not more than one year, or both.
Full Legal Text
Title 18, §1011
Crimes and Criminal Procedure — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
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.
Reference
Citations & Metadata
Citation
18 U.S.C. § 1011
Title 18 — Crimes and Criminal Procedure
Last Updated
Apr 6, 2026
Release point: 119-73