Section 4-816 - False statements or reports.
§ 4-816. False statements or reports.
(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.
[An. Code 1957, art. 83B, § 2-614; 2005, ch. 26, § 2.]