((a)) ** Direct and indirect loans** No labor organization shall make directly or indirectly any loan or loans to any officer or employee of such organization which results in a total indebtedness on the part of such officer or employee to the labor organization in excess of $2,000.

((b)) ** Direct or indirect payment of fines** No labor organization or employer shall directly or indirectly pay the fine of any officer or employee convicted of any willful violation of this chapter.

((c)) ** Penalty for violations** Any person who willfully violates this section shall be fined not more than $5,000 or imprisoned for not more than one year, or both.