Offences

(1) Any person who, (a) makes any statement in any application to the Board which he knows to be false or does not believe to be true; (b) applies any loan under this Act, or any part thereof, to any purpose not authorised by the Board; or (c) except with the consent in writing of the Board, uses or permits or suffers to be used any land or building on the security of which a loan has been made under this Act for any purpose other than as a residence for himself and his family, is guilty of an offence and is liable on summary conviction to a fine not exceeding five hundred dollars or to imprisonment for a term not exceeding six months, or to both such fine and term of imprisonment. (2) In any prosecution under this section where a prima facie case has been established that the loan or some part thereof has been misapplied, the onus of proving the manner in which the loan or part thereof has been applied shall be on the accused. (3) Proceedings for any such offence may be commenced at any time within three years from the date on which the offence was committed.