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Friday, March 30, 2012 - 4:52am

Foreclosure Fraud Bill Heads To Governor

Updated: 2 years ago.
A bill that would help protect consumers against forgeries or so-called robo-signing by mortgage companies is headed to Governor Nathan Deal’s desk.(Photo Courtesy: mpeake via Flickr)

A bill that would help protect consumers against forgeries or so-called robo-signing by mortgage companies is headed to Governor Nathan Deal’s desk.

Both chambers of the state legislature passed the bill. Until now, prosecutors couldn’t mortgage companies for falsifying foreclosure documents. Existing law only pertained to mortgage fraud and was aimed at the borrower.

Georgia’s attorney general, Sam Olens, lobbied for the bill’s passage.

The final version of the bill no longer includes subpoena power but the bill’s supporters say it’s a good start on dealing with the issue of foreclosure fraud.

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