Penalties

42 U.S. Code § 3215. Penalties

(a) False statements; security overvaluationA person that makes any statement that the person knows to be false, or willfully overvalues any security, for the purpose of—
(1)
obtaining for the person or for any applicant any financial assistance under this chapter or any extension of the assistance by renewal, deferment, or action, or by any other means, or the acceptance, release, or substitution of security for the assistance;
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