Criminal Law - Fraud - Conveyance, Lease, or Possession of Residential...
Prohibiting the intentional fraudulent sale, conveyance, or lease or attempted sale, conveyance, or lease of real property by a person who does not own the real property; prohibiting the acquisition, sale, or conveyance or the attempted acquisition, sale, or conveyance of real property by deception, intimidation, threat, or undue influence; prohibiting a person from possessing or claiming a right to possess residential real property the person does not lawfully possess or own, with the intent to defraud another; etc.
This bill aims to strengthen laws against fraud in real estate transactions. It would make it illegal to intentionally sell, lease, or try to sell or lease a home if you don't own it. It would also prohibit acquiring, selling, or transferring real property through deception, threats, or undue influence. The bill targets people who unlawfully possess or claim rights to a home with the intent to defraud someone else.
Anyone involved in real estate transactions, such as buyers, sellers, and real estate agents, would be affected by this bill. It would protect homeowners and potential buyers from fraudulent practices, ensuring more secure property transactions. By making such fraudulent activities illegal, the bill aims to prevent financial losses and legal disputes.
As of January 8, 2025, the bill has been introduced and referred to the Judiciary Committee. A hearing is scheduled for January 21, 2025, at 1:00 p.m. The bill was pre-filed on October 16, 2024, and had its first reading in the House on January 8, 2025.