Washington Code 19.144.100 – Unlawful actions — Proceeds and interest in real property — Criminal penalties
Current as of: 2023 | Check for updates
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(1)(a) It is unlawful for a person to use or invest proceeds, or any part of proceeds, knowing that the proceeds, or any part of the proceeds, were derived, directly or indirectly, from a pattern of mortgage fraud activity, in the acquisition of any title to, or any right, interest, or equity in, real property or in the establishment or operation of any enterprise.
Attorney's Note
Under the Washington Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| class B felony | up to 10 years | up to $20,000 |
| class C felony | up to 5 years | up to $10,000 |
Terms Used In Washington Code 19.144.100
- Fraud: Intentional deception resulting in injury to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) A violation of this subsection is a class B felony.
(2)(a) It is unlawful for a person to acquire or maintain, directly or indirectly, any interest in or control of any enterprise or real property knowing the interest or control was obtained through a pattern of mortgage fraud.
(b) A violation of this subsection is a class B felony.
(3)(a) It is unlawful for a person to knowingly conspire or attempt to violate subsection (1) or (2) of this section.
(b) A violation of this subsection is a class C felony.
[ 2008 c 108 § 11.]