(1) A person commits issuing a false financial statement if, with intent to defraud, he:
(a) Knowingly makes or utters a written instrument which purports to
describe the financial condition or ability to pay of himself or another person and
which is false in some material respect and reasonably relied upon; or
(b) Represents in writing that a written instrument purporting to describe
another person’s financial condition or ability to pay as of a prior date is accurate
with respect to that person’s current financial condition or ability to pay, knowing
the instrument to be materially false in that respect and reasonably relied upon.
(2) Issuing a false financial statement is a class 2 misdemeanor.
(3) A person commits issuing a false financial statement for purposes of
obtaining a financial transaction device, as defined in section 18-5-701 (3), if, with
intent to defraud, upon filing an application for a financial transaction device with
an issuer, he knowingly makes or causes to be made a false statement or report,
which is false in some material respect and reasonably relied upon, relative to his
name, occupation, financial condition, assets, or liabilities or willfully and
substantially overvalues any assets or willfully omits or substantially undervalues
any indebtedness for the purpose of influencing the issuer to issue a financial
transaction device.
(4) Issuing a false financial statement for purposes of obtaining a financial
transaction device when such device is used to obtain property or services or money
is a class 2 misdemeanor.
(5) Issuing two or more false financial statements for purposes of obtaining
two or more financial transaction devices when such devices are used to obtain
property or services or money is a class 6 felony.
L. 71: R&RE, p. 441, § 1. C.R.S. 1963: § 40-5-209. L. 84: (3) to (5) added, p. 548, § 1, effective July 1. L. 89: (5) amended, p. 835, § 57, effective July 1. L. 2021: (4) amended, (SB 21-271), ch. 462, p. 3185, § 238, effective March 1, 2022.
