Laws: Cases and Codes : U.S. Code : Title 18 : Section 657


   
U.S. Code as of: 01/19/04
Section 657. Lending, credit and insurance institutions

      Whoever, being an officer, agent or employee of or connected in
    any capacity with the Federal Deposit Insurance Corporation,
    National Credit Union Administration, Office of Thrift Supervision,
    the Resolution Trust Corporation, any Federal home loan bank, the
    Federal Housing Finance Board, Farm Credit Administration,
    Department of Housing and Urban Development, Federal Crop Insurance
    Corporation, the Secretary of Agriculture acting through the
    Farmers Home Administration or successor agency, the Rural
    Development Administration or successor agency, or the Farm Credit
    System Insurance Corporation, a Farm Credit Bank, a bank for
    cooperatives or any lending, mortgage, insurance, credit or savings
    and loan corporation or association authorized or acting under the
    laws of the United States or any institution, other than an insured
    bank (as defined in section 656), the accounts of which are insured
    by the Federal Deposit Insurance Corporation, or by the National
    Credit Union Administration Board or any small business investment
    company, or any community development financial institution
    receiving financial assistance under the Riegle Community
    Development and Regulatory Improvement Act of 1994, and whoever,
    being a receiver of any such institution, or agent or employee of
    the receiver, embezzles, abstracts, purloins or willfully
    misapplies any moneys, funds, credits, securities or other things
    of value belonging to such institution, or pledged or otherwise
    intrusted to its care, shall be fined not more than $1,000,000 or
    imprisoned not more than 30 years, or both; but if the amount or
    value embezzled, abstracted, purloined or misapplied does not
    exceed $1,000, he shall be fined under this title or imprisoned not
    more than one year, or both.



Previous [Notes] Next

Related Resources

Criminal Law Guide

Criminal Law Articles and Documents

Federal White Collar Crime Summary

Criminal Law Discussion

Ads by FindLaw