§ 4-816. False statements or reports

Latest version.

   (a) Prohibited. -- A person may not knowingly make or cause to be made any material misstatement of fact, including an understatement or overstatement of financial condition, in a statement or report that:

   (1) is in or relates to a loan application under this subtitle; or

   (2) affects a loan already made under this subtitle.

(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 $ 5,000 or both.

HISTORY: An. Code 1957, art. 83B, § 2-614; 2005, ch. 26, § 2.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');