§ 4806.4. Financing extortionate extensions of credit
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 18 P.S. Crimes and Offenses
18 P.S. § 4806.4
§ 4806.4. Financing extortionate extensions of credit
Whoever wilfully advances, or conspires to advance, money, things in action or other 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, things in action or other property so advanced directly or indirectly for the purpose of making extortionate extensions of credit, is guilty of a felony and, upon conviction thereof, shall be sentenced to pay a fine not exceeding ten thousand dollars ($10,000) or twice the value of the money, things in action or other property so advanced, whichever is greater, or to undergo imprisonment not exceeding twenty (20) years, or both.
Credits
1939, June 24, P.L. 872, § 806.4, added 1972, Dec. 29, P.L. 1671, No. 358, § 1, imd. effective.
18 P.S. § 4806.4, PA ST 18 P.S. § 4806.4
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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