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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1457 Prohibited activities; penalties for violations by organizations, officers and members of organizations, and individuals us united_states_code code_section 12 BANKS AND BANKING 11A FEDERAL HOME LOAN MORTGAGE CORPORATION 1457 12 U.S.C. § 1457 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1457 data/legal/raw/us/code/title-12/usc12.xml ebf1dbd927aa5d94c772062da4a75e5f776685e86432a7d774e1ff9d97c81a87 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 309b7edc83a7ead106fd0672719bb9c68d09c4ded67329defc13d83d947bd683 2026-07-04 official
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12 U.S.C. § 1457 - Prohibited activities; penalties for violations by organizations, officers and members of organizations, and individuals

Text

Except as expressly authorized by statute of the United States, no individual or organization (except the Corporation) shall use the term “Federal Home Loan Mortgage Corporation”, or any combination of words including the words “Federal”, and “Home Loan”, and “Mortgage”, as a name or part thereof under which any individual or organization does any business, but this sentence shall not make unlawful the use of any name under which business is being done on July 24, 1970. No individual or organization shall use or display (1) any sign, device, or insigne prescribed or approved by the Corporation for use or display by the Corporation or by members of the Federal home loan banks, (2) any copy, reproduction, or colorable imitation of any such sign, device, or insigne, or (3) any sign, device, or insigne reasonably calculated to convey the impression that it is a sign, device, or insigne used by the Corporation or prescribed or approved by the Corporation, contrary to regulations of the Corporation prohibiting, or limiting or restricting, such use or display by such individual or organization. An organization violating this subsection shall for each violation be punished by a fine of not more than $10,000. An officer or member of an organization participating or knowingly acquiescing in any violation of this subsection shall be punished by a fine of not more than $5,000 or imprisonment for not more than one year, or both. An individual violating this subsection shall for each violation be punished as set forth in the sentence next preceding this sentence.

(Pub. L. 91351, title III, § 308, July 24, 1970, 84 Stat. 456; Pub. L. 98479, title II, § 204(h), Oct. 17, 1984, 98 Stat. 2233; Pub. L. 10173, title VII, § 731(k), Aug. 9, 1989, 103 Stat. 435.)

Notes

Editorial Notes

Amendments1989—Pub. L. 10173 struck out subsection (a) designation before “Except as expressly”, and struck out subsecs. (b) to (f) relating to applicability of criminal provisions of title 18, and defining terms construing such applicability. 1984—Subsec. (f). Pub. L. 98479 substituted “United States” for “United States Code” before “, except in a territorial sense”.