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46 U.S.C. § 31330 - U.S. Code - Unannotated Title 46. Shipping § 31330. Penalties

Current as of January 01, 2024 | Updated by Findlaw Staff

(a)(1) A mortgagor shall be fined under title 18, imprisoned for not more than 2 years, or both, if the mortgagor--

(A) with intent to defraud, does not disclose an obligation on a vessel as required by section 31323(a) of this title;

(B) with intent to defraud, incurs a contractual obligation in violation of section 31323(b) of this title; or

(C) with intent to hinder or defraud an existing or future creditor of the mortgagor or a lienor of the vessel, files a mortgage with the Secretary.

[(D) Repealed.Pub.L. 111-281, Title IX, § 913(d)(1)(C), Oct. 15, 2010, 124 Stat. 3017]

(2) A mortgagor is liable to the United States Government for a civil penalty of not more than $10,000 if the mortgagor--

(A) does not disclose an obligation on a vessel as required by section 31323(a) of this title;

(B) incurs a contractual obligation in violation of section 31323(b) of this title; or

(C) files with the Secretary a mortgage made not in good faith.

[(D) Repealed.Pub.L. 111-281, Title IX, § 913(d)(2)(C), Oct. 15, 2010, 124 Stat. 3017]

(b)(1) A person that knowingly violates section 31329 of this title shall be fined under title 18, imprisoned for not more than 3 years, or both.

(2) A person violating section 31329 of this title is liable to the Government for a civil penalty of not more than $25,000.

(3) A vessel involved in a violation under section 31329 of this title and its equipment may be seized by, and forfeited to, the Government.

(c) If a person not an individual violates this section, the president or chief executive of the person also is subject to any penalty provided under this section.

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Cite this article: FindLaw.com - 46 U.S.C. § 31330 - U.S. Code - Unannotated Title 46. Shipping § 31330. Penalties - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-31330/

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