§71.1. Bank fraud
A. Whoever knowingly executes, or attempts to execute, a scheme or artifice to do
any of the following shall be imprisoned, with or without hard labor, for not more than ten
years, or may be fined not more than one hundred thousand dollars, or both:
(1) To defraud a financial institution.
(2) To obtain any of the monies, funds, credits, assets, securities, or other property
owned by or under the custody or control of a financial institution by means of false or
fraudulent pretenses, practices, transactions, representations, or promises.
B. Upon a second or subsequent conviction of a violation of the provisions of this
Section, the offender shall be imprisoned, with or without hard labor, for not less than one
year nor more than ten years and may, in addition, be required to pay a fine of not more than
one hundred thousand dollars.
C. In addition to the penalties provided in Subsection A of this Section, a person
convicted under the provisions of this Section shall be ordered to make full restitution to the
victim and any other person who has suffered a financial loss as a result of the offense in
accordance with Code of Criminal Procedure Article 883.2.
D. As used in this Section, the term "financial institution" means any federally
insured depository institution chartered under the laws of the United States, this state, or any
other state.
Acts 1992, No. 104, §1, eff. Sept. 1, 1992; Acts 2008, No. 495, §1; Acts 2025, No.
188, §1.