TO PROVIDE AN ALTERNATIVE MORTGAGE SATISFACTION FORM THAT ALLOWS A SECURED CREDITOR TO INDICATE THAT THE UNDERLYING OBLIGATION HAS BEEN EXTINGUISHED.
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.
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