Misrepresenting the intended use or occupancy of a purchased property in mortgage applications to obtain more favorable loan terms can constitute bank or mortgage fraud and may prompt criminal investigation or prosecution.
October 24, 2025
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This describes a general legal principle regarding fraudulent statements in mortgage lending contexts.
Under U.S. federal law, the offenses of bank fraud and making false statements to a financial institution carry statutory maximum penalties of up to 30 years imprisonment, fines up to $1,000,000 per count, and potential forfeiture.
October 10, 2025
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General statutory maximum penalties for federal bank fraud and false statements to financial institutions in the United States.
Federal bank fraud charges can carry statutory penalties of up to 30 years imprisonment, fines of up to $1,000,000 per count, and potential forfeiture.
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Common maximum penalties associated with federal bank fraud indictments.
Bank fraud and making false statements to a financial institution are offenses that can be charged as federal crimes in the United States.
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Classification of the types of charges referenced in the article.