Mortgage Fraud

(a)A person commits the offense of mortgage fraud if the person does any of the following with the intent to defraud:

(1)knowingly makes any material misstatement, misrepresentation, or omission during the mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, or any other party to the mortgage lending process;

(2)knowingly uses or facilitates the use of any material misstatement misrepresentation, or omission, during the mortgage lending process, intending that it be relied upon by a mortgage lender, borrower, or any other party to the mortgage lending process;

(3)files or causes to be filed with the Department of Land Management any document that the person knows contains a material misstatement, misrepresentation, or omission; or

(4)receives any proceeds or any compensation in connection with a mortgage loan that the person knows resulted from a violation of this Section.