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Home > Missouri > SB727
Chief Sponsor:

Charlie Shields

Tagged in: Banks And Financial Institutions, Consumer Protection, Licenses - Professional

LR number: 3079S.01I
Latest Update: Sunday, June, 15th 2008

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SB 727 - This act criminalizes the act of committing residential mortgage fraud with the intent to defraud.

An individual commits the crime by engaging in the following practices:

• Knowingly making a misrepresentation or omission during the mortgage lending process.

• Knowingly using or facilitating the use of a misrepresentation or omission during the mortgage lending process.

• Reaping any benefit from the making, using, or facilitating the use of such misrepresentation or omission.

• Filing or causing to be filed any document in connection with a mortgage containing a deliberate misstatement, misrepresentation, or omission.

Those in violation are guilty of a class D felony. Those who engage in a pattern of this type of fraud are guilty of a class B felony.

This act is similar to SB 560 (2007).

CHRIS HOGERTY

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Latest Actions
  • 01/10/2008 - Second Read and Referred S Judiciary and Civil & Criminal Jurisprudence Committee
  • 01/09/2008 - S First Read--SB 727-Shields
  • 01/09/2008 - S First Read--SB 727-Shields and Gibbons
  • 12/01/2007 - Prefiled
Bill Summary
File name Last Updated
SB727 Bill Summary Introduced HTML12/05/2007

Bill Text
File name Last Updated
SB727 Bill Text Introduced PDF12/05/2007