76-6-1203 - Mortgage fraud.
76-6-1203. Mortgage fraud.
A person commits the offense of mortgage fraud if the person does any of the followingwith the intent to defraud:
(1) knowingly makes any material misstatement, misrepresentation, or omission duringthe mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, orany 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 mortgagelender, 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 theperson knows contains a material misstatement, misrepresentation, or omission; or
(4) receives any proceeds or any compensation in connection with a mortgage loan thatthe person knows resulted from a violation of this section.
Enacted by Chapter 370, 2008 General Session