Official text prohibited actmental stateif conditionpenaltylegal term
(a)In General. Whoever, being an examiner or assistant examiner, accepts a loan or gratuity from any bank, branch, agency, organization, corporation, association, or institution examined by the examiner or from any person connected with it, shall—
(1) be , imprisoned not more than 1 year, or both;
(2) may be fined a further sum equal to the money so loaned or gratuity given; and
(3) shall be disqualified from holding office as an examiner.
(b)Definitions. In this section, the terms "examiner", "Federal financial institution regulatory agency", "financial institution", and "loan" have the same meanings as in section 212.
It is a federal crime for a bank examiner or assistant examiner (a government inspector of financial institutions) to accept a loan or gift from an institution they examine, or from anyone connected with it.