N.Y. Penal Law 187.05 – Residential mortgage fraud in the fifth degree
Current as of: 2024 | Check for updates
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§ 187.05 Residential mortgage fraud in the fifth degree.
Attorney's Note
Under the New York Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 364 days | up to $1,000 |
Terms Used In N.Y. Penal Law 187.05
- Fraud: Intentional deception resulting in injury to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means any individual or entity. See N.Y. Penal Law 187.00
A person is guilty of residential mortgage fraud in the fifth degree when he or she commits residential mortgage fraud.
Residential mortgage fraud in the fifth degree is a class A misdemeanor.