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Title 15 — Commerce and Trade

Chapter 42 — Interstate Land Sales

§ 1717. Penalties for violations

Statutory text

Any person who willfully violates any of the provisions of this chapter, or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this chapter, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Interstate Land Sales F till Disclosure Act

    Pub. L. 90–448 title XIV § 1418 · 82 Stat. 476

    Enacted · 15 U.S.C. § 1717

    Pub. L. 90–448, title XIV, § 1418, Aug. 1, 1968, 82 Stat. 598

    Source evidence

    Code source credit
    Pub. L. 90–448, title XIV, § 1418, Aug. 1, 1968, 82 Stat. 598

    Enacted provision · exact public law section
    Sec. 1418. penalties Any person who willfully violates any of the provisions of this title or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this title, makes any untrue statement of a material fact or omits Io state any material fact required to be. stated therein, shall upon conviction be fined not more than $5,000 or imprisoned not more than five years, or both.

  2. Housing and Community Development Amendments of 1979

    Pub. L. 96–153 title IV § 408 · 93 Stat. 1101

    Substituted · 15 U.S.C. § 1717

    Pub. L. 96–153 substituted “$10,000” for “$5,000”

    Source evidence

    Code amendment note
    Pub. L. 96–153 substituted “$10,000” for “$5,000”.

    Enacted provision · exact public law section
    Sec. 408. criminal penalties Section 1418 of the Interstate Land Sales Full Disclosure Act is amended to read as follows: “Sec. 1418. “penalties Any person who willfully violates any of the provisions of this title, or the rules and regulations prescribed pursuant thereto, or any person who willfully, in a statement of record filed under, or in a property report issued pursuant to, this title, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.”.

    Effective date note
    Amendment by Pub. L. 96–153 effective on effective date of regulations implementing such amendment, but in no case later than six months following Dec. 21, 1979, see section 410 of Pub. L. 96–153, set out as a note under section 1701 of this title.

2 of 2 references resolved to an enrolled provision

Editorial Notes

Amendments

1979—Pub. L. 96–153 substituted “$10,000” for “$5,000”.

Statutory Notes and Related Subsidiaries

Effective Date of 1979 Amendment

Amendment by Pub. L. 96–153 effective on effective date of regulations implementing such amendment, but in no case later than six months following , see section 410 of Pub. L. 96–153, set out as a note under section 1701 of this title.

Effective Date

Section effective upon the expiration of two hundred and seventy days after , see section 1423 of Pub. L. 90–448, set out as a note under section 1701 of this title.

Credits

1968–1979 · 2 acts
  1. 1968Pub. L. 90–448, title XIV, § 1418, , 82 Stat. 598
  2. 1979Pub. L. 96–153, title IV, § 408, , 93 Stat. 1132.
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(Pub. L. 90–448, title XIV, § 1418, , 82 Stat. 598; Pub. L. 96–153, title IV, § 408, , 93 Stat. 1132.)

Parsed from the official OLRC USLM XML in data/usc_all/usc15.xml · release point 119-108 · OLRC build 2026-09-09

USLM identifier /us/usc/t15/s1717