---
kind: "section"
citation: "18 U.S.C. § 1011"
title: "18"
title_heading: "Crimes and Criminal Procedure"
number: "1011"
heading: "Federal land bank mortgage transactions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/18/1011"
units:
  - "Part I — Crimes"
  - "Chapter 47 — Fraud and False Statements"
---

# §1011. Federal land bank mortgage transactions


[Whoever](/usc/18/921.md?p=a-1), 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](/usc/18/921.md?p=a-1), 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.)

## Notes

### Historical and Revision Notes

Based on section 987 of title 12, U.S.C., 1940 ed., Banks and Banking (July 17, 1916, ch. 245, § 31, seventh paragraph, as added June 16, 1933, ch. 98, § 78, 48 Stat. 272).

Minor changes were made in phraseology.

### Editorial Notes

### Amendments

1994—Pub. L. 103–322 substituted “fined under this title” for “fined not more than $5,000” in last par.