Section 4-933 - False statements or reports. - Maryland Statutes

§ 4-933. False statements or reports.
 

(a)  Prohibited.- A person may not knowingly make or cause to be made a false statement of material fact, including an overstatement or understatement of financial condition, to influence the action of the Department on a grant or loan or an application for a grant or loan under this subtitle. 

(b)  Penalty.- A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 2 years or a fine not exceeding $5,000 or both. 

(c)  Accelerated payment.- If a borrower violates this section, the Department may immediately accelerate the loan, whether or not a criminal prosecution has begun and regardless of the status of the prosecution. 
 

[An. Code 1957, art. 83B, § 2-312; 2005, ch. 26, § 2.]