Establishes a private right of action for victims of deed theft, allowing them to sue deed thieves and banks that assist in the theft.

The bill establishes a private right of action for victims of deed theft, allowing them to sue both the deed thief and any bank that provides a loan that assists in the theft. Victims can recover actual damages, treble damages, and attorneys' fees. Deed theft is defined as taking, transferring, or encumbering title to covered property without the owner's approval or knowledge, or through unfair, deceptive, or abusive acts. Covered property includes residential real property and securities that entitle the holder to possession or occupancy.

Establishes a private right of action for victims of deed theft, allowing them to sue deed thieves and banks that assist in the theft.

The bill establishes a private right of action for victims of deed theft, allowing them to sue both the deed thief and any bank that provides a loan that assists in the theft. Victims can recover actual damages, treble damages, and attorneys' fees. Deed theft is defined as taking, transferring, or encumbering title to covered property without the owner's approval or knowledge, or through unfair, deceptive, or abusive acts. Covered property includes residential real property and securities that entitle the holder to possession or occupancy.