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U.S. Code as of:
01/19/04
Section 1014. Loan and credit applications generally; renewals and discounts; crop insurance
Whoever knowingly makes any false statement or report, or
willfully overvalues any land, property or security, for the
purpose of influencing in any way the action of the Farm Credit
Administration, Federal Crop Insurance Corporation or a company the
Corporation reinsures, the Secretary of Agriculture acting through
the Farmers Home Administration or successor agency, the Rural
Development Administration or successor agency, any Farm Credit
Bank, production credit association, agricultural credit
association, bank for cooperatives, or any division, officer, or
employee thereof, or of any regional agricultural credit
corporation established pursuant to law, or a Federal land bank, a
Federal land bank association, a Federal Reserve bank, a small
business investment company, as defined in section 103 of the Small
Business Investment Act of 1958 (15 U.S.C. 662), or the Small
Business Administration in connection with any provision of that
Act, a Federal credit union, an insured State-chartered credit
union, any institution the accounts of which are insured by the
Federal Deposit Insurance Corporation, the Office of Thrift
Supervision, any Federal home loan bank, the Federal Housing
Finance Board, the Federal Deposit Insurance Corporation, the
Resolution Trust Corporation, the Farm Credit System Insurance
Corporation, or the National Credit Union Administration Board, a
branch or agency of a foreign bank (as such terms are defined in
paragraphs (1) and (3) of section 1(b) of the International Banking
Act of 1978), or an organization operating under section 25 or
section 25(a) (!1) of the Federal Reserve Act, upon any
application, advance, discount, purchase, purchase agreement,
repurchase agreement, commitment, or loan, or any change or
extension of any of the same, by renewal, deferment of action or
otherwise, or the acceptance, release, or substitution of security
therefor, shall be fined not more than $1,000,000 or imprisoned not
more than 30 years, or both. The term "State-chartered credit
union" includes a credit union chartered under the laws of a State
of the United States, the District of Columbia, or any
commonwealth, territory, or possession of the United States.
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