Nationwide Mortgage Fraud Coordinator Act of 2008

Bill: 110-hr-6853
Sponsor: Rep. Meek, Kendrick B. [D-FL-17]
Introduced: 2008-09-09 in the House
Policy area: Crime and Law Enforcement
Subjects: Congress
Congressional reporting requirements
Criminal investigation
Criminal justice information
Data banks
Department of Justice
Executive reorganization
Federal Bureau of Investigation (FBI)
Federal-local relations
Federal-state relations
Finance and Financial Sector
Fraud
Government Operations and Politics
Government paperwork
Housing and Community Development
Law
Legislation
Licenses
Local laws
Mortgage banks
Mortgages
Prosecution
Real estate appraisal
Science, Technology, Communications
State laws
Telephone

Summary:
action_date: 2008-09-09
text: 
Nationwide Mortgage Fraud Task Force Act of 2008 - Establishes in the Federal Bureau of Investigation (FBI) a Nationwide Mortgage Fraud Task Force to: (1) establish regional branches in the 10 states with the highest concentration of mortgage fraud; (2) establish coordinating entities, and solicit the voluntary participation of federal, state, and local law enforcement and prosecutorial agencies, to organize initiatives to address mortgage fraud; (3) train such agencies; (4) collect and disseminate mortgage fraud data; and (5) perform other related functions.
 
Authorizes the Task Force, including its regional branches, to perform other functions as well, including: (1) initiating federal mortgage fraud investigations and coordinating state and local investigations; (2) establishing a toll-free hotline; and (3) creating a database of mortgage industry license suspensions and revocations.

action_date: 2008-09-22
text: 
Nationwide Mortgage Fraud Coordinator Act of 2008 - Requires the Director of the Federal Bureau of Investigation (FBI) to assign the Chief of its Financial Crimes Section, Criminal Investigative Division, to be the Nationwide Mortgage Fraud Coordinator, who shall oversee all FBI activities related to investigation of mortgage fraud. 
 
Directs the Coordinator to: (1) establish regional task forces, consisting of the voluntary participation of federal, state, and local law enforcement and prosecutorial agencies, to organize initiatives to address mortgage fraud; (2) train such agencies; (3) collect and disseminate mortgage fraud data; and (4) perform other related functions.
 
Authorizes the Coordinator to: (1) establish a toll-free hotline and other information systems for receiving reports and informing the public about mortgage fraud; and (2) creating a database of mortgage industry license suspensions and revocations.
 
Authorizes the Department of Justice, upon consideration of any recommendations by the Coordinator, to: (1) propose legislation to federal, state, and local legislative bodies to assist in the detection, investigation, and prosecution of mortgage fraud, including measures to address mortgage loan procedures and property appraiser practices; and (2) make recommendations to Congress as to the need for additional resources to combat mortgage fraud.


Legislative actions:
action_date: 2008-09-23
text: Received in the Senate.
action_date: 2008-09-22
text: The title of the measure was amended. Agreed to without objection.
action_date: 2008-09-22
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2008-09-22
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 350 - 23 (Roll no. 618). (text: CR H8517-8518)
action_date: 2008-09-22
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 350 - 23 (Roll no. 618).(text: CR H8517-8518)
action_date: 2008-09-22
text: Considered as unfinished business. (consideration: CR H8545)
action_date: 2008-09-22
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2008-09-22
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 6853.
action_date: 2008-09-22
text: Considered under suspension of the rules. (consideration: CR H8517-8519)
action_date: 2008-09-22
text: Ms. Sutton moved to suspend the rules and pass the bill, as amended.
action_date: 2008-09-09
text: Referred to the House Committee on the Judiciary.
action_date: 2008-09-09
text: Introduced in House
action_date: 2008-09-09
text: Introduced in House