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MI SB1202

Bill

Status

Introduced

11/27/2018

Primary Sponsor

Steven Bieda

Click for details

Origin

Senate

99th Legislature

AI Summary

  • Creates a new felony offense for making false representations concerning title to real property, punishable by imprisonment of 1-5 years or a fine up to $10,000, or both.

  • Criminalizes four specific actions: claiming false interest/lien in recorded documents, executing/notarizing false documents, causing false documents to be recorded, and "robosigning" documents.

  • Establishes enhanced penalties for a pattern of false title representations in 2 or more transactions within 4 years with aggregate loss exceeding $250, increasing imprisonment to 3-20 years and fines up to $50,000.

  • Imposes civil fines up to $5,000 per violation enforceable by the Attorney General, and allows property owners to sue for actual damages, attorney fees, and costs; robosigning violations subject to triple damages.

  • Requires property owners to request correction within 20 days before pursuing civil action; bill takes effect 90 days after enactment and is contingent on Senate Bill 1203 becoming law.

Legislative Description

Property; conveyances; penalties for false representation in recorded document; enact. Amends 1931 PA 328 (MCL 750.1 - 750.568) by adding sec. 218a. TIE BAR WITH: SB 1203'18

Crimes: fraud

Last Action

Referred To Committee On Banking And Financial Institutions

11/27/2018

Committee Referrals

Banking & Financial Institutions11/27/2018

Full Bill Text

No bill text available