§ 4-612. 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 to be made any false statement or report to influence the Department's action on a Program loan application or 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 2 years or a fine not exceeding $ 50,000 or both.

HISTORY: An. Code 1957, art. 83B, § 2-709; 2005, ch. 26, § 2.

                    
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