No, there's less to it than that: https://www.law.cornell.edu/uscode/text/18/1344 https://www.law.cornell.edu/uscode/text/18/1344 You aren't allowed to lie to

No, there's less to it than that: https://www.law.cornell.edu/uscode/text/18/1344 https://www.law.cornell.edu/uscode/text/18/1344 You aren't allowed to lie to the bank if you're getting money out of them, even if they are made whole. Them being made whole may prevent them from exercising a number of tortious claims against you, but that doesn't mean what you've done isn't independently illegal.