U.S. Code, Title 18, Crimes and Criminal Procedure

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 1344. Bank Fraud

     Whoever knowingly executes, or attempts to execute, a scheme or artifice—

     (1) to defraud a financial institution; or

     (2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;

shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

(Added Pub. L. 98–473, title II, § 1108(a), Oct. 12, 1984, 98 Stat. 2147; amended Pub. L. 101–73, title IX, § 961(k), Aug. 9, 1989, 103 Stat. 500; Pub. L. 101–647, title XXV, § 2504(j), Nov. 29, 1990, 104 Stat. 4861.)

Amendments

     1990—Pub. L. 101–647 substituted "30" for "20" before "years".

     1989—Pub. L. 101–73 amended section generally, restating former subsec. (a) and striking out former subsec. (b) which defined "federally chartered or insured financial institution". Prior to amendment, subsec. (a) read as follows: "Whoever knowingly executes, or attempts to execute, a scheme or artifice—

"(1) to defraud a federally chartered or insured financial institution; or

"(2) to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a federally chartered or insured financial institution by means of false or fraudulent pretenses, representations, or promises, shall be fined not more than $10,000, or imprisoned not more than five years, or both."

Section Referred to in Other Sections

     This section is referred to in sections 225, 981, 982, 1510, 1961, 2326, 3059A, 3293, 3322 of this title; title 12 sections 1785, 1786, 1787, 1821, 1828, 1829, 1831k, 1833a, 2277a–10b.

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 1344. Bank Fraud," U.S. Code, Title 18, Crimes and Criminal Procedure in U.S. Code, Title 18, Crimes and Criminal Procedure (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed September 21, 2019, http://www.originalsources.com/Document.aspx?DocID=169TI4RUZB5CXXE.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 1344. Bank Fraud." U.S. Code, Title 18, Crimes and Criminal Procedure, in U.S. Code, Title 18, Crimes and Criminal Procedure, Washington, D.C., Government Printing Office, 2002, Original Sources. 21 Sep. 2019. www.originalsources.com/Document.aspx?DocID=169TI4RUZB5CXXE.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 1344. Bank Fraud' in U.S. Code, Title 18, Crimes and Criminal Procedure. cited in 2002, U.S. Code, Title 18, Crimes and Criminal Procedure, Government Printing Office, Washington, D.C.. Original Sources, retrieved 21 September 2019, from http://www.originalsources.com/Document.aspx?DocID=169TI4RUZB5CXXE.