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Wolters Kluwer releases new Texas disclosureMortgagePress.comTexas mortgage fraud penalties
In response to a law passed by the Texas Legislature in May,
outlining criminal penalties for committing mortgage fraud and
establishing an enforcement task force, Wolters Kluwer Financial
Services has made a new consumer disclosure available to Texas
mortgage lenders. The disclosure explains the consequences of a
conviction for mortgage fraud in the state, which includes a
maximum penalty of 99 years in prison and a $10,000 fine.
Minneapolis-based Wolters Kluwer Financial Services is a
provider of compliance, content and technology solutions and
services designed to help financial organizations manage risk and
improve efficiency. For more information, call (800) 397-2341 or
visit www.wolterskluwerfs.com.
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