Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House approves tougher mortgage-fraud penalties, funds special prosecutors and investigators
Summary
The House passed House Bill 25 to elevate mortgage fraud to a second-degree felony, direct the attorney general to hire a special prosecutor and fund two mortgage-fraud investigators through licensee fees rather than general-tax dollars; lawmakers amended language to protect innocent third parties.
Representative Ray presented House Bill 25, saying Utah ranks “number 2 in the nation on mortgage fraud” and describing the measure as an enforcement package that would make active mortgage fraud a second-degree felony, direct the attorney general to hire a special prosecutor, and instruct the Department of Public Safety to hire two criminal investigators dedicated to mortgage fraud. Ray said the bill uses money from the mortgage-licensee fund so the enforcement will not rely on general-tax dollars.
Why it matters: Lawmakers said mortgage fraud has raised borrowing costs for Utah consumers…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
