Blunt Signs Missouri Mortgage Fraud Bill Into Law

In Missouri, the Springfield Business Journal reports:

• Gov. Matt Blunt on Wednesday signed a bill that tightens laws against mortgage fraud. House Bill 2188, sponsored by Rep. David Pearce, creates civil and criminal penalties for fraudulent mortgage practices and makes consumers more aware of the mortgage process.

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• A free hotline also has been established to report fraud and obtain information to avoid foreclosure. The hotline operates within the Department of Insurance, Financial Institutions and Professional Registration’s consumer credit section and can be reached at (888) 246-7225.

For more, see Gov. Blunt signs mortgage fraud bill.