South Florida fraud fighters present national model8434088

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South Florida, exactly where home finance loan loan abuses and doubtful financing deals attained Broward County’s most significant metropolis the sobriquet “Fort Frauderdale,” is now among the many leaders in cleaning up the bubble’s bust. The economic-crimes division of your Miami-Dade Police Division served being a product with the Nationwide Home finance loan Fraud Job Force within the U.S. Justice Division, part of a federal reform package deal called the Fraud Enforcement and Restoration Act. The legal guidelines give prosecutors and regulators new strategies to argue house loan fraud and predatory lending. Glenn Theobald, the police department’s chief counsel, reported that right up until 2007, home loan fraud was not even defined by condition law Glenn Theobald.