(a) (1) A person may not knowingly make or cause to be made a false statement or report in a document required to be submitted to the Department under an agreement relating to a Program loan. (2) A loan applicant may not knowingly make or cause to be made any false statement or report to influence the Department's action on a Program loan application or a Program loan already made. (b) 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 $50,000 or both.
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