U.S. Code > Title 46 Shipping > Subtitle III—Maritime Liability (§§ 30101—31343) > CHAPTER 313—COMMERCIAL INSTRUMENTS AND MARITIME LIENS (§§ 31301—31343) > SUBCHAPTER II—COMMERCIAL INSTRUMENTS (§§ 31321—31330) > § 31330. Penalties

§ 31330. Penalties

(a)
(1) A mortgagor shall be fined under title 18, imprisoned for not more than 2 years, or both, if the mortgagor—
(A) with intent to defraud, does not disclose an obligation on a vessel as required by section 31323 (a) of this title;
(B) with intent to defraud, incurs a contractual obligation in violation of section 31323 (b) of this title;
(C) with intent to hinder or defraud an existing or future creditor of the mortgagor or a lienor of the vessel, files a mortgage with the Secretary of Transportation; or
(D) with intent to defraud, does not comply with section 31321 (h) of this title.
(2) A mortgagor is liable to the United States Government for a civil penalty of not more than $10,000 if the mortgagor—
(A) does not disclose an obligation on a vessel as required by section 31323 (a) of this title;
(B) incurs a contractual obligation in violation of section 31323 (b) of this title;
(C) files with the Secretary a mortgage made not in good faith; or
(D) does not comply with section 31321 (h) of this title.
(b)
(1) A person that knowingly violates section 31329 of this title shall be fined under title 18, imprisoned for not more than 3 years, or both.
(2) A person violating section 31329 of this title is liable to the Government for a civil penalty of not more than $25,000.
(3) A vessel involved in a violation under section 31329 of this title and its equipment may be seized by, and forfeited to, the Government.
(c) If a person not an individual violates this section, the president or chief executive of the person also is subject to any penalty provided under this section.