§ 1007. — Federal Deposit Insurance Corporation transactions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 18USC1007]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 47--FRAUD AND FALSE STATEMENTS
Sec. 1007. Federal Deposit Insurance Corporation transactions
Whoever, for the purpose of influencing in any way the action of the
Federal Deposit Insurance Corporation, knowingly makes or invites
reliance on a false, forged, or counterfeit statement, document, or
thing shall be fined not more than $1,000,000 or imprisoned not more
than 30 years, or both.
(June 25, 1948, ch. 645, 62 Stat. 750; Pub. L. 101-73, title IX,
Sec. 961(f), Aug. 9, 1989, 103 Stat. 500; Pub. L. 101-647, title XXV,
Sec. 2504(f), Nov. 29, 1990, 104 Stat. 4861; Pub. L. 103-322, title
XXXIII, Sec. 330002(c), Sept. 13, 1994, 108 Stat. 2140.)
Historical and Revision Notes
Based on section 264(s) of title 12, U.S.C., 1940 ed., Banks and
Banking (Dec. 23, 1913, ch. 6, Sec. 12B(s), as added June 16, 1933, ch.
89, Sec. 8, 48 Stat. 177; Aug. 23, 1935, ch. 614, Sec. 101, 49 Stat.
700).
Words ``Federal Deposit Insurance'' were inserted before
``Corporation'' in three places, so as to identify said Corporation, and
phrase ``under this section'' was omitted as no longer applicable,
considering transfer of this section to this title.
Minor changes were made in phraseology.
Amendments
1994--Pub. L. 103-322 substituted ``transactions'' for
``Transactions'' in section catchline.
1990--Pub. L. 101-647 substituted ``30'' for ``20'' before
``years''.
1989--Pub. L. 101-73 substituted ``Transactions'' for
``transactions'' in section catchline and amended text generally. Prior
to amendment, text read as follows: ``Whoever, for the purpose of
obtaining any loan from the Federal Deposit Insurance Corporation, or
any extension or renewals thereof, or the acceptance, release, or
substitution of security therefor, or for the purpose of inducing the
Federal Deposit Insurance Corporation to purchase any assets, or for the
purpose of obtaining the payment of any insured deposit or transferred
deposit or the allowance, approval, or payment of any claim, or for the
purpose of influencing in any way the action of the Federal Deposit
Insurance Corporation, makes any statement, knowing it to be false, or
willfully overvalues any security, shall be fined not more than $5,000
or imprisoned not more than two years, or both.''
Section Referred to in Other Sections
This section is referred to in sections 225, 981, 982, 1510, 1956,
3056, 3293, 3322 of this title; title 12 sections 1785, 1786, 1821,
1828, 1829, 1831k, 1833a.
