Title 18 — Crimes and Criminal ProcedureRelease 119-73
§1013 Farm loan bonds and credit bank debentures
Title 18 › Part PART I— - CRIMES › Chapter CHAPTER 47— - FRAUD AND FALSE STATEMENTS › § 1013
Summary
It is a crime to lie about or fake any farm loan bond or coupon from a Federal land bank, or any debenture, coupon, or other obligation from a Federal intermediate credit bank. The penalty can be a federal fine, up to one year in jail, or both.
Full Legal Text
Title 18, §1013
Crimes and Criminal Procedure — Source: USLM XML via OLRC
Whoever deceives, defrauds, or imposes upon, or attempts to deceive, defraud, or impose upon any person, partnership, corporation, or association by making any false pretense or representation concerning the character, issue, security, contents, conditions, or terms of any farm loan bond, or coupon, issued by any Federal land bank or banks; or of any debenture, coupon, or other obligation, issued by any Federal intermediate credit bank or banks; or by falsely pretending or representing that any farm loan bond, or coupon, is anything other than, or different from, what it purports to be on the face of said bond or coupon, 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 985, 1127, and 1317 of title 12, U.S.C., 1940 ed., Banks and Banking (
July 17, 1916, ch. 245, § 31, fifth paragraph, 39 Stat. 384;
July 17, 1916, ch. 245, § 211(g), as added Mar. 4, 1923, ch. 252, § 2, 42 Stat. 1461; Mar. 4, 1923, ch. 252, title II, § 216(g), 42 Stat. 1473). This section condenses and simplifies section 985, 1127, and 1317 of title 12, U.S.C., 1940 ed., Banks and Banking, each of which contained similar provisions and similar language. The punishment provisions of all three sections were the same. References to “chapter” and “subchapter” were omitted and words describing the various types of banks or organizations to which said section 985, 1127, and 1317 of title 12, U.S.C., 1940 ed., Banks and Banking, related, were inserted in lieu. This necessitated some rephrasing and transposition of phrases, but without change of meaning or substance. Words “upon conviction” which were contained in section 1127 and 1317 of title 12, U.S.C., 1940 ed., Banks and Banking, were omitted as surplusage, because punishment cannot be imposed until after conviction. Changes were made in phraseology.
Editorial Notes
Amendments
1994—Pub. L. 103–322, § 330016(1)(G), substituted “fined under this title” for “fined not more than $500”. Pub. L. 103–322, § 330004(8), struck out “, or by any National Agricultural Credit Corporation” after “credit bank or banks”. 1982—Pub. L. 97–297 struck out “, or by any joint-stock land bank or banks” after “issued by any Federal land bank or banks”.
Reference
Citations & Metadata
Citation
18 U.S.C. § 1013
Title 18 — Crimes and Criminal Procedure
Last Updated
Apr 6, 2026
Release point: 119-73