Plain English Breakdown
The bill summary and text do not provide information about how it will affect existing cases of deed fraud, nor does it specify any additional measures beyond increasing fines.
Increasing Fines for Deed Fraud
This bill increases the maximum fine that can be imposed by a jury for deed fraud from $3,000 to $4,000.
What This Bill Does
- Raises the maximum fine a jury can impose for the offense of conveyance by general warranty deed with knowledge of existing liens or claims on the property from $3,000 to $4,000.
- Makes it a felony offense if someone transfers land using a general warranty deed knowing there are outstanding liens or other claims against that land.
Who It Names or Affects
- People who commit deed fraud with knowledge of existing liens or claims on the property will face higher fines and stricter penalties.
- Courts and juries will have the authority to impose larger fines for this type of crime.
Terms To Know
- Deed Fraud
- When someone transfers land using a general warranty deed knowing there are outstanding liens or other claims against that land, with the intent to defraud others.
- General Warranty Deed
- A legal document used to transfer property ownership where the seller promises to have clear title and no liens on the property.
Limits and Unknowns
- The bill does not specify how or if it will affect existing cases of deed fraud.
- It is unclear what additional measures, if any, will be taken beyond increasing fines for this type of crime.