Law360, New York (July 09, 2012, 6:11 PM ET) -- On June 22, the New York State Assembly passed the “Foreclosure Fraud Prevention Act of 2012,” which defines residential mortgage foreclosure fraud and criminalizes “robo-signing” and other “fraudulent or deceptive” practices by agents or managers in the residential mortgage business.[1]
While the state Senate did not act on the proposed legislation before adjourning its regular session — and as a result there is little chance the bill will be enacted this year — the bill represents the latest attempt by state governments to impose criminal liability...
The Latest Attempt At Criminalizing 'Robo-Signing'
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