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Utah Code Title 67. State Officers and Employees § 67-5-31. Mortgage and Financial Fraud Investigation and Prosecution Restricted Account

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) There is created a restricted account within the General Fund known as the “Mortgage and Financial Fraud Investigation and Prosecution Restricted Account.”

(2) The restricted account includes:

(a) $2,000,000 of deposits from the foreclosure fraud settlement agreement between the United States Justice Department, United States Department of Housing and Urban Development, and a bipartisan group of state attorneys general, including Utah's attorney general, Bank of America, Citi, JP Morgan Chase, GMAC, and Wells Fargo announced in February 2012; and

(b) any other amount appropriated by the Legislature.

(3) Money from the restricted account shall be used by the attorney general to:

(a) investigate and prosecute mortgage and financial fraud throughout the state; and

(b) fund mortgage and financial fraud investigation and prosecution staff.

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Cite this article: FindLaw.com - Utah Code Title 67. State Officers and Employees § 67-5-31. Mortgage and Financial Fraud Investigation and Prosecution Restricted Account - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-67-state-officers-and-employees/ut-code-sect-67-5-31/

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