Title 18 — Crimes and Criminal ProcedureRelease 119-73not60
§1011 Federal Land Bank Mortgage Transactions
Title 18 › Part I— CRIMES › Chapter 47— FRAUD AND FALSE STATEMENTS › § 1011
Summary
Lying to a Federal land bank about a mortgage sale or overvaluing mortgage land must be fined, imprisoned 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 5, 2026
Release point: 119-73not60