Bill Summary for H 203 (2011-2012)

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Summary date: 

Jun 7 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 203 (Public) Filed Tuesday, March 1, 2011
TO PROVIDE AN ALTERNATIVE MORTGAGE SATISFACTION FORM THAT ALLOWS A SECURED CREDITOR TO INDICATE THAT THE UNDERLYING OBLIGATION HAS BEEN EXTINGUISHED.
Intro. by Crawford.

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Bill summary

Senate committee substitute makes the following changes to 1st edition.
Adds sections to amend or create offenses as follows. Amends GS 14-118.1 to make the violation of simulating a court process or judicial authorization in connection with any claim a Class I felony (was, a Class 2 misdemeanor). Enacts new GS 14-118.6 to make it unlawful to knowingly file a false lien or encumbrance against the real or personal property of a public officer or employee, and makes a violation a Class I felony. Sets out the procedure to follow when a filing is denied and for false liens. Amends GS 14-118.12 to make a person who knowingly, for financial gain, and with intent to defraud, files a document claiming that a mortgage loan has been satisfied or otherwise terminated guilty of residential mortgage fraud. Amends GS 14-401.19 to make it a Class I felony (was, a Class 2 misdemeanor) to file a false security agreement or to file a record for an improper purpose. Makes a conforming change to the bill title. Applies to offenses committed on or after December 1, 2012.