General Assembly approves bill making residential-mortgage fraud a felony

THE R.I. GENERAL ASSEMBLY last week approved legislation establishing a criminal offense for residential-mortgage fraud. The bill, backed by R.I. Attorney General Peter F. Kilmartin, above, makes residential-mortgage fraud a felony. Guilty offenders face imprisonment up to 10 years, a fine of $10,000, or both. /PBN FILE PHOTO/ MICHAEL SALERNO
THE R.I. GENERAL ASSEMBLY last week approved legislation establishing a criminal offense for residential-mortgage fraud. The bill, backed by R.I. Attorney General Peter F. Kilmartin, above, makes residential-mortgage fraud a felony. Guilty offenders face imprisonment up to 10 years, a fine of $10,000, or both. /PBN FILE PHOTO/ MICHAEL SALERNO
PROVIDENCE – The R.I. General Assembly last week approved legislation establishing a criminal offense for residential-mortgage fraud. The bill, backed by R.I. Attorney General Peter F. Kilmartin, makes residential-mortgage fraud a felony. Guilty offenders face imprisonment up to 10 years, a fine of $10,000, or both. “Residential-mortgage fraud is when a person knowingly makes an…

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