§ 76-6-1203. Mortgage fraud.

Latest version.

A person commits the offense of mortgage fraud if the person does any of the following with the intent to defraud:

(1)	knowingly makes any material misstatement, misrepresentation, or omission during the mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, or any other party to the mortgage lending process;

(2)	knowingly uses or facilitates the use of any material misstatement, misrepresentation, or omission, during the mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, or any other party to the mortgage lending process;

(3)	files or causes to be filed with any county recorder in Utah any document that the person knows contains a material misstatement, misrepresentation, or omission; or

(4)	receives any proceeds or any compensation in connection with a mortgage loan that the person knows resulted from a violation of this section.

Enacted by Chapter 370, 2008 General Session

                    
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