A person who, with intent to defraud, obtains personal credit or credit for another from a bank, trust company, savings association, or credit union, by means of a present or past false representation as to the person's or another's financial ability may be sentenced as follows:
(1) if no money or property is obtained by the defendant by means of such credit, to imprisonment for not more than 90 days or to payment of a fine of not more than $300, or both; or
(2) if money or property is so obtained, the value thereof shall be determined as provided in section 609.52, subdivision 1 , clause (3) and the person obtaining the credit may be sentenced as provided in section 609.52, subdivision 3 .