§ 5308. — 5308. (Added by renumbering Section 5301 by Stats. 1990, Ch. 1118, Sec. 10.)

California § 5308.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW
• Ch. 1.: CHAPTER 1. Short Title, General Definitions, and General Provisions
• Art. 4.: ARTICLE 4. Penalties

Text

Whoever knowingly makes or causes to be made, directly or indirectly, or through any agency whatsoever, any false statement or report, or willfully overvalues any land, property, or security, for the purpose of influencing in any way the action of any association upon any application, advance, discount, purchase or repurchase agreement, commitment, or loan or the change or extension of any of these transactions by renewal, deferment of action, or otherwise, or the acceptance, release, or substitution of security for these transactions shall be punished by a fine of not more than ten thousand dollars ($10,000) or, by imprisonment in the county jail not
exceeding one year or in the state prison, or by both that fine and imprisonment.

Legislative History

Added by renumbering Section 5301 by Stats. 1990, Ch. 1118, Sec. 10.