Title 18, Crimes and Criminal ProcedureRelease 119-102
§337 Coins as Security for Loans
Title 18 › PART I — CRIMES › CHAPTER 17 — COINS AND CURRENCY › § 337
Summary
Treasury-named U.S. coins published in Federal Register cannot be used as security; violators face federal fines, up to 1 year jail, or both.
Full Legal Text
Title 18, §337
Crimes and Criminal Procedure, Source: USLM XML via OLRC
Whoever lends or borrows money or credit upon the security of such coins of the United States as the Secretary of the Treasury may from time to time designate by proclamation published in the Federal Register, during any period designated in such a proclamation, shall be fined under this title or imprisoned not more than one year, or both.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1994—Pub. L. 103–322 substituted “fined under this title” for “fined not more than $10,000”.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 89–81, title II, § 212(c), July 23, 1965, 79 Stat. 257, provided that: “The
Amendments
made by this section [enacting this section] shall apply only with respect to loans made, renewed, or increased on or after the 31st day after the date of enactment of this Act [July 23, 1965].”
Reference
Citations & Metadata
Citation
18 U.S.C. § 337
Title 18, Crimes and Criminal Procedure
Last Updated
Aug 21, 2026
Release point: 119-102