2011 House Bill 4487

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Introduced in the House

March 23, 2011

Introduced by Rep. David Nathan (D-11)

To create a new crime of residential mortgage fraud covering various actions intended to obtain or benefit from someone else obtaining a mortgage loan under false pretenses, subject to penalties of up to 20 years in prison and a $500,000 fine.

Referred to the Committee on Judiciary

Sept. 8, 2011

Reported without amendment

With the recommendation that the bill be referred to the Committee on Banking and Financial Services.

Referred to the Committee on Banking and Financial Services