Regarding Horn's subcommittee appearance transcript...
This part: Mr. Murphy to Mr. Horn after oath...
421 Let the record show the witness answered yes. You are now
422 under oath and subject to the penalties set forth in Title 18,
423 Section 1011 of the United States Code.
424 You may now give a 5-minute summary of your written
425 statement.
What is Title 18 section 1011?
18 U.S. Code § 1011 - Federal land bank mortgage transactions
Whoever, being a mortgagee, knowingly makes any false statement
in any paper, proposal, or letter, relating to the sale of any mortgage,
to any Federal land bank; or
Whoever, being an appraiser, willfully over-values any land securing such mortgage—
Shall be fined under this title* or imprisoned not more than one year, or both.
*Amended 1994—Pub. L. 103–322 substituted “fined under this title” for
“fined not more than $5,000” in last par.
Anyone have a clue what that is about?