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MI SB1202
Bill
AI Summary
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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.
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Criminalizes four specific actions: claiming false interest/lien in recorded documents, executing/notarizing false documents, causing false documents to be recorded, and "robosigning" documents.
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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.
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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.
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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