§ 215. — Receipt of commissions or gifts for procuring loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 18USC215]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 11--BRIBERY, GRAFT, AND CONFLICTS OF INTEREST
Sec. 215. Receipt of commissions or gifts for procuring loans
(a) Whoever--
(1) corruptly gives, offers, or promises anything of value to
any person, with intent to influence or reward an officer, director,
employee, agent, or attorney of a financial institution in
connection with any business or transaction of such institution; or
(2) as an officer, director, employee, agent, or attorney of a
financial institution, corruptly solicits or demands for the benefit
of any person, or corruptly accepts or agrees to accept, anything of
value from any person, intending to be influenced or rewarded in
connection with any business or transaction of such institution;
shall be fined not more than $1,000,000 or three times the value of the
thing given, offered, promised, solicited, demanded, accepted, or agreed
to be accepted, whichever is greater, or imprisoned not more than 30
years, or both, but if the value of the thing given, offered, promised,
solicited, demanded, accepted, or agreed to be accepted does not exceed
$1,000, shall be fined under this title or imprisoned not more than one
year, or both.
[(b) Transferred]
(c) This section shall not apply to bona fide salary, wages, fees,
or other compensation paid, or expenses paid or reimbursed, in the usual
course of business.
(d) Federal agencies with responsibility for regulating a financial
institution shall jointly establish such guidelines as are appropriate
to assist an officer, director, employee, agent, or attorney of a
financial institution to comply with this section. Such agencies shall
make such guidelines available to the public.
(June 25, 1948, ch. 645, 62 Stat. 695, Sec. 215, formerly Sec. 220;
Sept. 21, 1950, ch. 967, Sec. 4, 64 Stat. 894; renumbered Sec. 215, Pub.
L. 87-849, Sec. 1(d), Oct. 23, 1962, 76 Stat. 1125; Pub. L. 98-473,
title II, Sec. 1107(a), Oct. 12, 1984, 98 Stat. 2145; Pub. L. 99-370,
Sec. 2, Aug. 4, 1986, 100 Stat. 779; Pub. L. 101-73, title IX,
Secs. 961(a), 962(e)(1), Aug. 9, 1989, 103 Stat. 499, 503; Pub. L. 101-
647, title XXV, Sec. 2504(a), Nov. 29, 1990, 104 Stat. 4861; Pub. L.
103-322, title XXXIII, Sec. 330016(1)(H), Sept. 13, 1994, 108 Stat.
2147; Pub. L. 104-294, title VI, Sec. 606(a), Oct. 11, 1996, 110 Stat.
3511.)
Historical and Revision Notes
Based on sections 595, 1125, and 1315 of title 12, U.S.C., 1940 ed.,
Banks and Banking (Dec. 23, 1913, ch. 6, Sec. 22, first sentence of
second paragraph, 38 Stat. 272; July 17, 1916, ch. 245, Sec. 211(e), as
added Mar. 4, 1923, ch. 252, Sec. 2, 42 Stat. 1460; June 21, 1917, ch.
32, Sec. 11, 40 Stat. 240; Sept. 26, 1918, ch. 177, Sec. 5, part 22(c),
40 Stat. 970; Mar. 4, 1923, ch. 252, title II, Sec. 216(e), 42 Stat.
1472).
The punishment provisions of the three sections were identical, and
all other provisions thereof were similar, except that section 595 of
title 12, U.S.C., 1940 ed., Banks and Banking, relating to officers,
directors, employees, or attorneys of member banks of the Federal
Reserve System, did not include the terms ``agent'' and ``acceptance''
and did not include the phrase ``or extension or renewal of loan or
substitution of security''.
Words ``shall be deemed guilty of a misdemeanor'' were omitted
because of definition of misdemeanor in section 1 of this title.
Words ``and upon conviction'' and ``and shall upon conviction
thereof'' were omitted as surplusage because punishment cannot be
imposed until after conviction.
Verbal changes were made for style purposes.
Prior Provisions
A prior section 215 of this title was renumbered section 211.
Amendments
1996--Subsec. (a). Pub. L. 104-294 substituted ``$1,000'' for
``$100'' in concluding provisions.
1994--Subsec. (a). Pub. L. 103-322 substituted ``fined under this
title'' for ``fined not more than $1,000'' in concluding provisions.
1990--Subsec. (a). Pub. L. 101-647 substituted ``30'' for ``20''
before ``years'' in concluding provisions.
1989--Subsec. (a). Pub. L. 101-73, Sec. 961(a), in closing
provisions, substituted ``$1,000,000'' for ``$5,000'' and ``20 years''
for ``five years''.
Subsec. (b). Pub. L. 101-73, Sec. 962(e)(1), transferred subsec. (b)
to section 20 of this title.
1986--Pub. L. 99-370 amended section generally, combining in subsec.
(a) the statement of prohibited activities formerly set out in subsecs.
(a) and (b), transferring to subsec. (b) and expanding provisions
formerly set out in subsec. (c) which defined ``financial institution'',
transferring to subsec. (c) and amending provisions formerly set out in
subsec. (d) relating to applicability of section, and adding new subsec.
(d) relating to establishment of guidelines to assist financial
institutions in complying with this section.
1984--Pub. L. 98-473 amended section generally. Prior to amendment
section read as follows: ``Whoever, being an officer, director,
employee, agent, or attorney of any bank, the deposits of which are
insured by the Federal Deposit Insurance Corporation, of a Federal
intermediate credit bank, or of a National Agricultural Credit
Corporation, except as provided by law, stipulates for or receives or
consents or agrees to receive any fee, commission, gift, or thing of
value, from any person, firm, or corporation, for procuring or
endeavoring to procure for such person, firm, or corporation, or for any
other person, firm, or corporation, from any such bank or corporation,
any loan or extension or renewal of loan or substitution of security, or
the purchase or discount or acceptance of any paper, note, draft, check,
or bill of exchange by any such bank or corporation, shall be fined not
more than $5,000 or imprisoned not more than one year or both.''
1950--Act Sept. 21, 1950, substituted ``any bank, the deposits of
which are insured by the Federal Deposit Insurance Corporation'' for ``a
member bank of the Federal Reserve System''.
Effective Date of 1986 Amendment
Section 3 of Pub. L. 99-370 provided that: ``This Act and the
amendments made by this Act [amending this section and enacting a
provision set out as a note under section 201 of this title] shall take
effect 30 days after the date of the enactment of this Act [Aug. 4,
1986].''
Section Referred to in Other Sections
This section is referred to in sections 225, 981, 982, 1510, 1956,
3293, 3322 of this title; title 12 sections 503, 1785, 1786, 1787, 1821,
1828, 1829, 1831k, 1833a, 2277a-10b.
