§ 4-1511. False statements or reports

Latest version.

   (a) Prohibited. --

   (1) A person may not knowingly make or cause to be made a false statement or report in a document required to be submitted to the Department under an agreement relating to a Program loan.

   (2) A loan applicant may not knowingly make or cause a false statement or report to be made to influence the action of the Department on a Program loan application or to influence action of the Department affecting a Program loan already made.

(b) Penalty. -- A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not exceeding $ 50,000 or both.

HISTORY: An. Code 1957, art. 83B, § 2-509; 2005, ch. 26, § 2.

                    
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