CRIMES AND OFFENSES Georgia Residential Mortgage Fraud Act: Enact the "Georgia Residential Mortgage Fraud Act"; Provide a Short Title; Provide for Definitions; Define the Criminal Offense of Residential Mortgage Fraud; Provide for Venue; Provide Penalties; Authorize District Attorneys and the Attorney General to Investigate and Prosecute Cases of Residential Mortgage Fraud; Provide for the Forfeiture of Real and Personal Property; Amend the "Georgia RICO (Racketeer Influenced and Corrupt Organizations) Act," so as to Include Residential Mortgage Fraud within the Definition of Racketeering Activity; Provide for Findings and a Statement of Purpose; Provide for Related Matters; Provide an Effective Date; Repeal Conflicting Laws; and for Other Purposes
Murray, J. Haskell
Abstract
The Georgia Residential Mortgage Fraud Act defines the crime of residential mortgage fraud. The Act also provides the possible venues for prosecuting residential mortgage fraud in Georgia. Moreover, the Act lays out guidelines for punishing those involved in residential mortgage fraud and gives the district attorneys and the attorney general the power to investigate and prosecute possible cases of residential mortgage fraud. The Act allows for forfeiture of property involved in residential mortgage fraud to the State of Georgia.
Furthermore, the Act adds residential mortgage fraud to the Georgia RICO Act.