2018 US Code
Title 18 - Crimes and Criminal Procedure
Part I - Crimes
Chapter 42 - Extortionate Credit Transactions
Sec. 893 - Financing extortionate extensions of credit

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Citation 18 U.S.C. § 893 (2018)
Section Name §893. Financing extortionate extensions of credit
Section Text

Whoever willfully advances money or property, whether as a gift, as a loan, as an investment, pursuant to a partnership or profit-sharing agreement, or otherwise, to any person, with reasonable grounds to believe that it is the intention of that person to use the money or property so advanced directly or indirectly for the purpose of making extortionate extensions of credit, shall be fined under this title or an amount not exceeding twice the value of the money or property so advanced, whichever is greater, or shall be imprisoned not more than 20 years, or both.

Source Credit

(Added Pub. L. 90–321, title II, §202(a), May 29, 1968, 82 Stat. 161; amended Pub. L. 103–322, title XXXIII, §330016(1)(L), Sept. 13, 1994, 108 Stat. 2147.)

Editorial Notes AMENDMENTS

1994—Pub. L. 103–322 substituted "fined under this title" for "fined not more than $10,000".

Publication Title United States Code, 2018 Edition, Title 18 - CRIMES AND CRIMINAL PROCEDURE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 42 - EXTORTIONATE CREDIT TRANSACTIONS
Sec. 893 - Financing extortionate extensions of credit
Contains section 893
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law Yes
Disposition standard
Statutes at Large References 82 Stat. 161
108 Stat. 2147
Public Law References Public Law 90-321, Public Law 103-322
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