Fraud Task Force (hereinafter referred to in this section 
as the ‘‘Task Force’’) to address mortgage fraud in the 
United States. 
(b) SUPPORT.—The Director of the FBI shall provide 
the Task Force with the appropriate staff, administrative 
support, and other resources necessary to carry out the 
duties of the Task Force. 
(c) EXECUTIVE DIRECTOR.—The Director of the 
FBI shall appoint one staff member provided to the Task 
Force to be the Executive Director of the Task Force and 
such Executive Director shall ensure that the duties of the 
Task Force are carried out. 
(d) REGIONAL BRANCHES.—The Task Force shall 
establish, oversee, and direct regional branches in each of 
the 10 States determined by the Director of the FBI to 
have the highest concentration of mortgage fraud. 
(e) MANDATORY FUNCTIONS.—The Task Force, in-
cluding the regional branches of the Task Force, shall— 
(1) establish coordinating entities, and solicit 
the voluntary participation of Federal, State, and 
local law enforcement and prosecutorial agencies in 
such entities, to organize initiatives to address mort-
gage fraud, including initiatives to enforce State 
mortgage fraud laws and other related Federal and 
State laws; 
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(2) provide training to Federal, State, and local 
law enforcement and prosecutorial agencies with re-
spect to mortgage fraud, including related Federal 
and State laws; 
(3) collect and disseminate data with respect to 
mortgage fraud, including Federal, State, and local 
data relating to mortgage fraud investigations and 
prosecutions; and 
(4) perform other functions determined by the 
Director of the FBI to enhance the detection of, pre-
vention of, and response to mortgage fraud in the 
United States. 
(f) OPTIONAL FUNCTIONS.—The Task Force, includ-
ing the regional branches of the Task Force, may— 
(1) initiate and coordinate Federal mortgage 
fraud investigations and, through the coordinating 
entities established under subsection (e), State and 
local mortgage fraud investigations; 
(2) establish a toll-free hotline for— 
(A) reporting mortgage fraud; 
(B) providing the public with access to in-
formation and resources with respect to mort-
gage fraud; and 
(C) directing reports of mortgage fraud to 
the appropriate Federal, State, and local law 
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enforcement and prosecutorial agency, including 
to the appropriate regional branch of the Task 
Force; 
(3) create a database with respect to suspen-
sions and revocations of mortgage industry licenses 
and certifications to facilitate the sharing of such in-
formation by States; 
(4) make recommendations with respect to the 
need for and resources available to provide the 
equipment and training necessary for the Task 
Force to combat mortgage fraud; and 
(5) propose legislation to Federal, State, and 
local legislative bodies with respect to the elimination 
and prevention of mortgage fraud, including meas-
ures to address mortgage loan procedures and prop-
erty appraiser practices that provide opportunities 
for mortgage fraud. 
(g) DEFINITION.—In this section, the term ‘‘mort-
gage fraud’’ means a material misstatement, misrepresen-
tation, or omission relating to the property or potential 
mortgage relied on by an underwriter or lender to fund, 
purchase, or insure a loan. 
Æ 
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