Fraud on financial institutions
Sec. 8. (a) A person who knowingly executes, or attempts to
execute, a scheme or artifice:
(1) to defraud a state or federally chartered or federally insured
financial institution; or
(2) to obtain any of the money, funds, credits, assets, securities,
or other property owned by or under the custody or control of
a state or federally chartered or federally insured financial
institution by means of false or fraudulent pretenses,
representations, or promises;
commits a Class C felony.
(b) As used in this section, the term "state or federally chartered
or federally insured financial institution" means:
(1) an institution with accounts insured by the Federal Deposit
Insurance Corporation;
(2) a credit union with accounts insured by the National Credit
Union Administration Board;
(3) a federal home loan bank or a member, as defined in Section
2 of the Federal Home Loan Bank Act (12 U.S.C. 1422), as in
effect on December 31, 1990, of the Federal Home Loan Bank
System; or
(4) a bank, banking association, land bank, intermediate credit
bank, bank for cooperatives, production credit association, land
bank association, mortgage association, trust company, savings
bank, or other banking or financial institution organized or
operating under the laws of the United States or of the state.
As added by P.L.187-1984, SEC.1. Amended by P.L.8-1991, SEC.35.
Last modified: May 24, 2006