# § 1717. Penalties for violations
Any person who willfully violates any of the provisions of this chapter, or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this chapter, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
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**Source Credit**: (Pub. L. 90–448, title XIV, § 1418, Aug. 1, 1968, 82 Stat. 598; Pub. L. 96–153, title IV, § 408, Dec. 21, 1979, 93 Stat. 1132.)
## Editorial Notes
### Amendments
1979— substituted “$10,000” for “$5,000”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1979 Amendment
Amendment by effective on effective date of regulations implementing such amendment, but in no case later than six months following , see , set out as a note under .
### Effective Date
Section effective upon the expiration of two hundred and seventy days after , see , set out as a note under .