18 USC § 1011 - Federal land bank mortgage transactions

---
identifier: "/us/usc/t18/s1011"
source: "usc"
legal_status: "official_legal_evidence"
title: "18 USC § 1011 - Federal land bank mortgage transactions"
title_number: 18
title_name: "CRIMES AND CRIMINAL PROCEDURE"
section_number: "1011"
section_name: "Federal land bank mortgage transactions"
chapter_number: 47
chapter_name: "FRAUD AND FALSE STATEMENTS"
part_number: "I"
part_name: "CRIMES"
positive_law: true
currency: "119-84"
last_updated: "2026-04-21"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 25, 1948, ch. 645, 62 Stat. 751; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147.)"
---


# § 1011. Federal land bank mortgage transactions

Whoever, being a mortgagee, knowingly makes any false statement in any paper, proposal, or letter, relating to the sale of any mortgage, to any Federal land bank; or

Whoever, being an appraiser, willfully over-values any land securing such mortgage—

Shall be fined under this title or imprisoned not more than one year, or both.

---

**Source Credit**: (June 25, 1948, ch. 645, 62 Stat. 751; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147.)

### Historical and Revision Notes

Based on , U.S.C., 1940 ed., Banks and Banking (, seventh paragraph, as added , ).

Minor changes were made in phraseology.

## Editorial Notes

### Amendments

1994— substituted “fined under this title” for “fined not more than $5,000” in last par.