§4–816.

    (a)    A person may not knowingly make or cause to be made any material misstatement of fact, including an understatement or overstatement of financial condition, in a statement or report that:

        (1)    is in or relates to a loan application under this subtitle; or

        (2)    affects a loan already made under this subtitle.

    (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 $5,000 or both.