U.S. Congress - S.3547 Nationwide Mortgage Fraud Coordinator Act of 2008
S.3547 - Nationwide Mortgage Fraud Coordinator Act of 2008
A bill to establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States, and for other purposes. as introduced.
- Short: Nationwide Mortgage Fraud Coordinator Act of 2008 as introduced.
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Official Summary
9/23/2008--Introduced.Nationwide Mortgage Fraud Coordinator Act of 2008 - Requires the Director of the Federal Bureau of Investigation (FBI) to assign the Chief of its Financial Crimes Section, Criminal Investigative Division, to be the Nationwide Mortgage Fraud Coordinator, who shall overOfficial Summary
9/23/2008--Introduced.Nationwide Mortgage Fraud Coordinator Act of 2008 - Requires the Director of the Federal Bureau of Investigation (FBI) to assign the Chief of its Financial Crimes Section, Criminal Investigative Division, to be the Nationwide Mortgage Fraud Coordinator, who shall oversee all FBI activities related to investigation of mortgage fraud. Directs the Coordinator to:
(1) establish regional task forces, consisting of the voluntary participation of federal, state, and local law enforcement and prosecutorial agencies, to organize initiatives to address mortgage fraud;
(2) train such agencies;
(3) collect and disseminate mortgage fraud data; and
(4) perform other related functions. Authorizes the Coordinator to:
(1) establish a toll-free hotline and other information systems for receiving reports and informing the public about mortgage fraud; and
(2) creating a database of mortgage industry license suspensions and revocations. Authorizes the Department of Justice, upon consideration of any recommendations by the Coordinator, to:
(1) propose legislation to federal, state, and local legislative bodies to assist in the detection, investigation, and prosecution of mortgage fraud, including measures to address mortgage loan procedures and property appraiser practices; and
(2) make recommendations to Congress as to the need for additional resources to combat mortgage fraud.
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Recent Blog Coverage
Wakeriding the Fannie ânâ Freddie Meltdown - The WashingtonWatch ...
department, thereâs H.R. 6853 and S. 3547. The House bill would establish a Nationwide Mortgage Fraud Task Force Act in the FBI. The House passed it on Monday. The Senate bill would create a Nationwide Mortgage Fraud Coordinator. ...
S. 3547, A bill to establish in the Federal Bureau of ...
S. 3547 would establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States.... Vote on This Bill: For | Against.
Bill Action: Introduced: S. 3547: A bill to establish in the ...
Bill Nelson [D-FL] introduced S. 3547: A bill to establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States, and for other purposes. ...
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