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.
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. 598Enacted 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.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
- 1968Pub. L. 90–448, title XIV, § 1418, , 82 Stat. 598
- 1979Pub. L. 96–153, title IV, § 408, , 93 Stat. 1132.
Show as published
(Pub. L. 90–448, title XIV, § 1418, , 82 Stat. 598; Pub. L. 96–153, title IV, § 408, , 93 Stat. 1132.)