Michigan — Statute

750.219d – Residential mortgage fraud; prohibited conduct; venue; violation as felony; penalty; separate offenses; affirmative defense; property subject to forfeiture; order; definitions | Michigan Law

Michigan law 750.219d criminalizes residential mortgage fraud, including false statements and concealment, with penalties and property forfeiture provisions.

Legal Content

Michigan State Law

750.219d – Residential mortgage fraud; prohibited conduct; venue; violation as felony; penalty; separate offenses; affirmative defense; property subject to forfeiture; order; definitions

Michigan Penal Code § 750.219d

Summary

Michigan law section 750.219d criminalizes residential mortgage fraud, including making false statements, concealing material facts, and related deceptive practices during the mortgage process. The law outlines various prohibited conduct, penalties, and defenses, emphasizing the seriousness of mortgage-related fraud and its potential for felony charges. It also addresses property forfeiture and procedural aspects related to violations.

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Explain Like I'm 5

In simple terms: Michigan law 750.219d criminalizes residential mortgage fraud, including false statements and concealment, with penalties and property forfeiture provisions.. This means people must follow this rule, and breaking it can lead to criminal penalties.