(1) A mortgagor shall be fined under title 18, imprisoned for not more than 2 years, or both, if the mortgagor
(A) with intent to defraud, does not disclose an obligation on a vessel as required by section
31323 (a) of this title;
(B) with intent to defraud, incurs a contractual obligation in violation of section
31323 (b) of this title;
(C) with intent to hinder or defraud an existing or future creditor of the mortgagor or a lienor of the vessel, files a mortgage with the Secretary of Transportation; or
(D) with intent to defraud, does not comply with section
31321 (h) of this title.
(2) A mortgagor is liable to the United States Government for a civil penalty of not more than $10,000 if the mortgagor
(A) does not disclose an obligation on a vessel as required by section
31323 (a) of this title;
(B) incurs a contractual obligation in violation of section
31323 (b) of this title;
(C) files with the Secretary a mortgage made not in good faith; or
(D) does not comply with section
31321 (h) of this title.
