Article 5. RESIDENTIAL MORTGAGE FRAUD

EDITOR'S NOTES. --Ga. L. 2005 p. 848, § 1, not codified by the General Assembly, provides that: "The General Assembly finds and declares that fraud involving residential mortgages is at an all-time high in the United States and in Georgia. Mortgage lending institutions and borrowers have suffered hundreds of millions of dollars in losses due to residential mortgage fraud. Homeowners in neighborhoods plagued by mortgage fraud have witnessed the deterioration of their neighborhoods. Fraudulently inflated property values in their neighborhoods have resulted in substantial increases in property taxes. The General Assembly therefore concludes that for the protection of the general public, and particularly for the protection of borrowers, homeowners, lending institutions, and the integrity of the mortgage lending process, the 'Georgia Residential Mortgage Fraud Act' shall be enacted."
 
RESEARCH REFERENCES
 
C.J.S. --59 C.J.S., Mortgages, §§ 79, 278, 279, 410, 411, 492.