Federal · Title 18 — Crimes and Criminal Procedure

18 U.S.C. § 1011: Federal land bank mortgage transactions

Misdemeanor

What this law says, in plain English

It is a crime to knowingly make false statements about mortgage sales to a Federal land bank, or to willfully overvalue land securing such mortgages. Penalties include fines and/or imprisonment up to one year.

Read the full statutory text

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.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.