Nevada "Mortgage Fraud" Law (NRS 205.372)

Las Vegas Criminal Defense Attorneys

The Nevada crime of mortgage lending fraud can be punished just as harshly as violent offenses and drug offenses. And in addition to carrying high fines and lengthy prison sentences, a mortgage fraud conviction will mar your criminal record for years and may cause prospective employers to not hire you for a job.

If you've been arrested for mortgage fraud in Nevada, call our Las Vegas criminal defense lawyers at 702-DEFENSE (702-333-3673) for help. Depending on your case, we may be able to persuade the Nevada Attorney General to reduce or even dismiss your charges and avoid trial altogether.

Legal definition of "mortgage fraud" in Nevada

The legal definition of mortgage fraud in Las Vegas, Nevada, is when a person in a mortgage lending transaction:

• Knowingly makes a false statement or misrepresentation concerning a material fact or deliberately conceals or fails to disclose a material fact;



• Knowingly uses or facilitates the use of a false statement or misrepresentation made by another person concerning a material fact or deliberately uses or facilitates the use of another person's concealment or failure to disclose a material fact;



• Receives any proceeds or any other money in connection with a mortgage lending transaction that the person knows resulted from a mortgage fraud violation;



• Conspires with another person to commit mortgage fraud; or



• Files or causes to be filed with a county recorder any document that the person knows to include a misstatement, misrepresentation or omission concerning a material fact."

Note that each fraudulent mortgage lending transaction constitutes a separate violation in Las Vegas. This means one person can potentially be charged with several counts of mortgage fraud concerning the same property and with the same lender or borrower.

Intent

It's important to remember that mortgage fraud is an "intent" crime in Nevada, which means you may not be found guilty of it unless you had intent to defraud. This can be a difficult element for the state to prove beyond a reasonable doubt, and depending on the facts in the case your attorney may be able to convince the prosecutors that their evidence is too weak for them to pursue it.

Federal crime

Mortgage fraud is a federal crime as well as a state crime in Nevada. Depending on the case, prosecutors may choose to bring charges in federal court rather than state court. (18 U.S. 1344)

Penalties

Violating Las Vegas mortgage fraud law is a category C felony in Nevada. The standard sentence for each conviction includes:

• 1 to 10 years, and/or



• up to $10,000

But if the prosecutor suspects you've engaged in or have conspired to engage in "a pattern" of mortgage lending fraud, it's punished more seriously as a category B felony in Nevada. The standard sentence includes:

• 3 to 20 years, and/or



• up to $50,000

Either way, the court may also levy a civil fine of up to $5,000 for each violation.

Call us if you're facing charges . . . .

Have you been accused of violating Nevada mortgage fraud law (NRS 205.372)? Call our Las Vegas criminal defense lawyers at 702-DEFENSE (702-333-3673) for a free consultation to discuss your options and how we can help.

Go back to our main page on Nevada fraud crimes.

For information on California mortgage fraud law, go to our page on California mortgage fraud law.

Nevada Criminal Fraud Laws Explained.....

Our Criminal Fraud Defense Attorneys In the News.....

Client Reviews

5 A Powerful, Effective Advocate to Have in Your Corner

In my time of need I called on Neil Shouse and his law firm. It was one of the best decisions I've made in my life. Not only did he step up to assist me, he went the extra mile in every sense of the word. I found Neil to be honest, professional, and tireless in his efforts on my behalf.

- Jay, a DUI client

Great staff, straight shooters and trustworthy! From my first meeting with Nancy who made me feel at ease, to Michael Becker's knowledge and experience all the way through court with Michael Castillo, I felt I was in the best hands Vegas has to offer!

- Devon, a Domestic Violence client

My experience has been very good so far and I was very pleased with the outcome of the case. I have already recommended the firm to others.

- Greg, a DUI client

I am forever in debt with gratitude with my Lawyer and the Criminal Defense Group because they helped during the time when I almost gave up hope but everything happens for a reason and my case turned out just the way he told me the first day I talk to my Lawyer. I just wish that all the people that will and had made some bad decisions in their life will be able to find the means to hire/use the services of Michael Becker or the Group where he belongs. God bless you sir and keep doing what your doing and I will see you again when I will have my case sealed.

- a Fraud client

Join us to discuss your DUI case at any of our
local offices: You can also contact us 24/7 at
702-DEFENSE for a free consultation