533.507 - FALSE STATEMENTS FOR CREDIT -- FRAUDULENT PRACTICE. - Iowa Statutes

533.507 FALSE STATEMENTS FOR CREDIT -- FRAUDULENT PRACTICE. A person who knowingly makes or causes to be made, directly or indirectly, any false statement in writing, or who procures, knowing that a false statement in writing has been made concerning the financial condition or means or ability to pay of such person or any other person in which such person is interested or for whom such person is acting with the intent that such statement shall be relied upon by a state credit union for the purpose of procuring the delivery of property, the payment of cash, or the receipt of credit in any form, for the benefit of such person or of any other person in which such person is interested or for whom such person is acting, is guilty of a fraudulent practice.          Section History: Recent Form 2007 Acts, ch 174, §74