Title 15, Commerce and TradeRelease 119-102
§1717 Penalties for Violations
Title 15 › CHAPTER 42 — INTERSTATE LAND SALES › § 1717
Summary
Anyone who intentionally breaks the law's rules or who lies or leaves out important facts in required records or property reports can be punished. If found guilty, the person can be fined up to $10,000, jailed for up to five years, or both.
Full Legal Text
Title 15, §1717
Commerce and Trade, Source: USLM XML via OLRC
Any person who willfully violates any of the provisions of this chapter, or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this chapter, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1979—Pub. L. 96–153 substituted “$10,000” for “$5,000”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1979 AmendmentAmendment by Pub. L. 96–153 effective on
Effective Date
of
Regulations
implementing such amendment, but in no case later than six months following Dec. 21, 1979, see section 410 of Pub. L. 96–153, set out as a note under section 1701 of this title.
Effective Date
Section effective upon the expiration of two hundred and seventy days after Aug. 1, 1968, see section 1423 of Pub. L. 90–448, set out as a note under section 1701 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1717
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102