Section 1201 – Title.

76-6-1201. Title. This part is known as the “Utah Mortgage Fraud Act.” Enacted by Chapter 370, 2008 General Session

Section 1202 – Definitions.

76-6-1202. Definitions. As used in this part: (1) “Mortgage lending process” means the process through which a person seeks or obtains a mortgage loan, including solicitation, application, or origination, negotiation of terms, third-party provider services, underwriting, signing and closing, and funding of the loan. (2) “Mortgage loan”: (a) means a loan or agreement made to […]

Section 1203 – Mortgage fraud.

76-6-1203. Mortgage fraud. A person commits the offense of mortgage fraud if the person does any of the following with the intent to defraud: (1) knowingly makes any material misstatement, misrepresentation, or omission during the mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, or any other party to the […]

Section 1204 – Classification of offense.

76-6-1204. Classification of offense. (1) Notwithstanding any other administrative, civil, or criminal penalties, a person who violates Section 76-6-1203 is guilty of a: (a) class A misdemeanor when the value is or exceeds $500 but is less than $1,500; (b) third degree felony when the value is or exceeds $1,500 but is less than $5,000; […]