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.
The legal definition of mortgage fraud in Las Vegas, Nevada, is when a person in a mortgage lending transaction:
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.
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.
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)
Violating Las Vegas mortgage fraud law is a category C felony in Nevada. The standard sentence for each conviction includes:
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:
Either way, the court may also levy a civil fine of up to $5,000 for each violation.
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.
If you or a loved one faces misdemeanor or felony charges, contact our Las Vegas NV criminal defense attorneys at (702) DEFENSE. We'd be glad to meet with you for a free consultation. We practice throughout Nevada, including Las Vegas, Henderson, Reno, Carson City, Boulder City, Mesquite and Laughlin.
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