Florida statute
Fla. Stat. § 817.545 — Mortgage fraud
Current through 2025 Florida Statutes
Part of Part I: False Pretenses and Frauds,generally, Florida Statutes.
Criminal charges under this statute
Full text of Fla. Stat. § 817.545
Statutory text current through the 2025 Florida Statutes. This publication reproduces the official statutory text; it is not the official statutes of the State of Florida.
(1) For the purposes of the section, the term “mortgage lending process” means the process through which a person seeks or obtains a residential mortgage loan, including, but not limited to, the solicitation, application or origination, negotiation of terms, third-party provider services, underwriting, signing and closing, and funding of the loan. Documents involved in the mortgage lending process include, but are not limited to, mortgages, deeds, surveys, inspection reports, uniform residential loan applications, or other loan applications; appraisal reports; HUD-1 settlement statements; supporting personal documentation for loan applications such as W-2 forms, verifications of income and employment, credit reports, bank statements, tax returns, and payroll stubs; and any required disclosures.
(2) A person commits the offense of mortgage fraud if, with the intent to defraud, the person knowingly:(a) Makes any material misstatement, misrepresentation, or omission during the mortgage lending process with the intention that the misstatement, misrepresentation, or omission will be relied on by a mortgage lender, borrower, or any other person or entity involved in the mortgage lending process; however, omissions on a loan application regarding employment, income, or assets for a loan which does not require this information are not considered a material omission for purposes of this subsection.(b) Uses or facilitates the use of any material misstatement, misrepresentation, or omission during the mortgage lending process with the intention that the material misstatement, misrepresentation, or omission will be relied on by a mortgage lender, borrower, or any other person or entity involved in the mortgage lending process; however, omissions on a loan application regarding employment, income, or assets for a loan which does not require this information are not considered a material omission for purposes of this subsection.(c) Receives any proceeds or any other funds in connection with the mortgage lending process that the person knew resulted from a violation of paragraph (a) or paragraph (b).(d) Files or causes to be filed with the clerk of the circuit court for any county of this state a document involved in the mortgage lending process which contains a material misstatement, misrepresentation, or omission.
(3) An offense of mortgage fraud may not be predicated solely upon information lawfully disclosed under federal disclosure laws, regulations, or interpretations related to the mortgage lending process.
(4) For the purpose of venue under this section, any violation of this section is considered to have been committed:(a) In the county in which the real property is located; or(b) In any county in which a material act was performed in furtherance of the violation.
(5)(a) Any person who violates subsection (2) commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.(b) Any person who violates subsection (2), and the loan value stated on documents used in the mortgage lending process exceeds $100,000, commits a felony of the second degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.
Official sources
Legal terms used in this section
Questions this section answers
Is mortgage fraud a felony or a misdemeanor in Florida?
It depends on the circumstances: mortgage fraud ranges from a Felony of the Third Degree to a Felony of the Second Degree in Florida under Fla. Stat. § 817.545.
Mortgage fraud (base offense): Felony of the Third Degree (Fla. Stat. § 817.545(5)(a)) · Mortgage fraud (loan value exceeds $100,000): Felony of the Second Degree (Fla. Stat. § 817.545(5)(b))
Which Florida statute covers mortgage fraud?
Mortgage fraud is governed by Fla. Stat. § 817.545 (Mortgage fraud).
This reference is informational and is not legal advice.