Skip to main content
1-463

SECTION 1014—False Statements to Influence Action

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 * * * a Federal Reserve bank, a small business investment company, as defined in section 103 of the Small Business Investment Act of 1958 (15 USC 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 Agency, 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)* 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.
[18 USC 1014. As amended by acts of July 26, 1956 (70 Stat. 667); Aug. 21, 1958 (72 Stat. 699); Aug. 18, 1959 (73 Stat. 387); Oct. 4, 1961 (75 Stat. 774); July 2, 1964 (78 Stat. 269); Oct. 19, 1970 (84 Stat. 1017); Dec. 31, 1970 (84 Stat. 1815); Oct. 12, 1982 (96 Stat. 1318); Aug. 9, 1989 (103 Stat. 500, 502); Nov. 28, 1990 (104 Stat. 3981); Nov. 29, 1990 (104 Stat. 4861, 4907, 4910); Sept. 13, 1994 (108 Stat. 2143); Oct. 11, 1996 (110 Stat. 3511); Dec. 21, 2001 (115 Stat. 966); and July 30, 2008 (122 Stat. 2792).]

*
This section was redesignated section 25A by act of Dec. 19, 1991 (105 Stat. 2281).
Back to top