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609.822.2
Statute ID:
11593
Statute Function ID:
25521
Residential Mortgage Fraud Prohibited
In Effect
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Function Details
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Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
609.822.2
Enactment Date:
May 14, 2007
Effective Date:
Aug 1, 2007
Expiration Date:
Repealed?:
No
Summary Text:
Residential Mortgage Fraud Prohibited
Statute ID:
11593
Created:
Jul 19, 2007 by mnjis.legal.analyst@state.mn.us
Updated:
Jul 19, 2007 by mnjis.legal.analyst@state.mn.us
Last Update Action:
Added
Legal Analyst Comment:
Chapter 74, Section 7
Summary Text:
Residential Mortgage Fraud Prohibited
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/609/822.html
Legislative Session:
2007 - Regular
Session Law Text?:
Yes
Statute text last updated on:
Jul 19, 2007
Whoever does any of the following commits residential mortgage fraud and may be sentenced as provided in subdivision 3: (1) knowingly makes or causes to be made any deliberate and material misstatement, misrepresentation, or omission during the mortgage lending process with the intention that it be relied on by a mortgage lender, borrower, or any other party to the mortgage lending process; (2) knowingly uses or facilitates the use of any deliberate and material misstatement, misrepresentation, or omission, knowing the same to contain a material misstatement, misrepresentation, or omission, during the mortgage lending process with the intention that it be relied on by a mortgage lender, borrower, or any other party to the mortgage lending process; or (3) conspires to violate clause (1) or (2). An offense of residential mortgage fraud must not be predicated solely upon information lawfully disclosed under federal disclosure laws, regulations, and interpretations related to the mortgage lending process.
