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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.