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Thread: Liar Loans a Felony in Texas

  1. #1
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    Liar Loans a Felony in Texas

    Scammers in Texas should beware:
    32.32. FALSE STATEMENT TO OBTAIN PROPERTY OR
    CREDIT. (a) For purposes of this section, "credit" includes:
    (1) a loan of money;
    (2) furnishing property or service on credit;
    (3) extending the due date of an obligation;
    (4) comaking, endorsing, or guaranteeing a note or
    other instrument for obtaining credit;
    (5) a line or letter of credit; and
    (6) a credit card, as defined in Section 32.31 (Credit
    Card or Debit Card Abuse).
    (b) A person commits an offense if he intentionally or
    knowingly makes a materially false or misleading written statement
    to obtain property or credit for himself or another.
    (c) An offense under this section is:
    (1) a Class C misdemeanor if the value of the property
    or the amount of credit is less than $50;
    (2) a Class B misdemeanor if the value of the property
    or the amount of credit is $50 or more but less than $500;
    (3) a Class A misdemeanor if the value of the property
    or the amount of credit is $500 or more but less than $1,500;
    (4) a state jail felony if the value of the property or
    the amount of credit is $1,500 or more but less than $20,000;
    (5) a felony of the third degree if the value of the
    property or the amount of credit is $20,000 or more but less than
    $100,000;
    (6) a felony of the second degree if the value of the
    property or the amount of credit is $100,000 or more but less than
    $200,000; or
    (7) a felony of the first degree if the value of the
    property or the amount of credit is $200,000 or more.

    Acts 1973, 63rd Leg., p. 883, ch. 399, 1, eff. Jan. 1, 1974.
    Amended by Acts 1993, 73rd Leg., ch. 900, 1.01, eff. Sept. 1,
    1994; Acts 1995, 74th Leg., ch. 76, 14.50, eff. Sept. 1, 1995;
    Acts 2001, 77th Leg., ch. 1245, 3, eff. Sept. 1, 2001.


    Section: Previous 32.02 32.03 32.21 32.22 32.23 32.24 32.31 32.32 32.33 32.34 32.35 32.41 32.42 32.43 32.44 Next
    Last modified: August 11, 2007
    Felony Penalty
    Capital Death or life in prison without parole
    First-degree 5 to 99 years in a state prison and/or a fine of not more than $10,000
    Second-degree 2 to 20 years in a state prison and/or a fine of not more than $10,000
    Third-degree 2 to 10 years in a state prison and/or a fine of not more than $10,000
    State jail 180 days to 2 years in a state jail and/or a fine of not more than
    $10,000
    Misdemeanor Penalty
    Class A Not more than 1 year in a county jail and/or a fine of not more than
    $4,000
    Class B
    Not more than 180 days in a county jail and/or a fine of not more than
    $2,000
    Class C A fine of not more than $500
    Soapboxmom
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    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

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  2. #2
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    Re: Liar Loans a Felony in Texas

    I found a great blog about mortgage fraud here. One never knows when one of our most wanted scammers may end up on it!

    Soapboxmom
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  3. #3
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    Re: Liar Loans a Felony in Texas

    The loan becomes a felony when the money changes hands and the victim can file criminal charges with the local police. I had a lovely chat with a detective in Texas just today. Anyone who is making a false statement on any loan papers better think twice. Just $200,000 or more for a loan with fraudulent papers is a first degree felony. Yikes!

    Good luck!

    Soapboxmom
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

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