18 Pa. Stat. § 4806.4

Current through Pa Acts 2024-35, 2024-56
Section 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.

18 P.S. § 4806.4

1939, June 24, P.L. 872, § 806.4. Added 1972, Dec. 29, P.L. 1671, No. 358, § 1, imd. effective.