Mortgage Fraud Overview

  LOUISIANA MORTGAGE FRAUD La.R.S.  14:71.3 It is unlawful for a person, in connection with residential mortgage lending activity, to knowingly do any of the following: (1)  Employ a device, scheme, or artifice with intent to defraud. (2)  Make an untrue statement of material fact with intent to defraud. (3)  Receive any portion of the purchase, sale, or loan proceeds, or any other consideration paid or generated in connection with the closing of a residential mortgage loan when the recipient knows that the proceeds or other funds were paid as a result of a violation of this Section.   PENALTIES [...]

This website uses cookies and third party services. Ok