§ 4-255. False statements or reports

   (a) False statement or report -- Loan agreement. -- 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 Administration by an agreement relating to a loan.

(b) Same -- Loan application or loan. -- A person applying for a loan may not knowingly make or cause to be made a false statement or report to influence the action of the Administration on a loan application or to influence an action of the Administration affecting a loan already made.

(c) 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, § 2-207; 2005, ch. 26, § 2.