Thursday, March 10, 2011

Georgia House approves foreclosure fraud measure

11Fudging foreclosure documents is a step closer to being fraud in Georgia, after the state House of Representatives approved a foreclosure fraud bill on Wednesday.

House Bill 237 is a key part of the legislative agenda of new Attorney General Sam Olens.

It would criminalize falsifying documents, which has been done to speed up the foreclosure process in some instances, and also would give Olens and district attorneys more power to investigate claims of fraud in those matters.

The bill passed 168-1 and now heads to the state Senate for review and a possible vote.

“It is very straightforward,” said Rich Golick, chair of the House Judiciary Non-Civil Committee and the bill’s sponsor.


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