SB 560 - The act criminalizes the act of committing residential mortgage fraud with the intent to defraud. An individual commits the crime by engaging in the following practices: • Knowingly making a misrepresentation or omission during the mortgage lending process. • Knowingly using or facilitating the use of a misrepresentation or omission during the mortgage lending process. • Reaping any benefit from the making, using, or facilitating the use of such misrepresentation or omission. • Filing or causing to be filed any document in connection with a mortgage containing a deliberate misstatement, misrepresentation, or omission. Those in violation are guilty of a Class D felony. Those who engage in a pattern of this type of fraud are guilty of a Class B felony. CHRIS HOGERTY