{"jurisdiction": "us-ny", "code": "penal", "section": "175.45", "citation": "Penal Law § 175.45", "heading": "Issuing a false financial statement", "text": ["§ 175.45 Issuing a false financial statement.", "A person is guilty of issuing a false financial statement when, with intent to defraud:", "1. He knowingly makes or utters a written instrument which purports to describe the financial condition or ability to pay of some person and which is inaccurate in some material respect; or", "2. He represents in writing that a written instrument purporting to describe a person's financial condition or ability to pay as of a prior date is accurate with respect to such person's current financial condition or ability to pay, whereas he knows it is materially inaccurate in that respect.", "Issuing a false financial statement is a class A misdemeanor."], "official_source": "https://www.nysenate.gov/legislation/laws/PEN/175.45", "from_official_api": true, "plain_english": "A person commits issuing a false financial statement, intending to defraud, by:\n- **(1)** **knowingly making or issuing a materially inaccurate writing about someone’s financial condition or ability to pay**; or\n- **(2)** **representing in writing that an older financial writing remains currently accurate, knowing it is materially inaccurate now**. ★\nThe offense is a **class A misdemeanor**.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/penal/175.45", "publisher": "Elyphived LLC"}