Establishes a mortgage lending fraud prosecution account funded by a $5 surcharge on deed of trust recordings.

The bill creates a mortgage lending fraud prosecution account to fund the criminal prosecution of mortgage lending fraud. A $5 surcharge is imposed on the recording of each deed of trust, with the county auditor retaining up to 5% for administrative costs. The remaining funds are deposited into the account, managed by the Department of Financial Institutions in consultation with the Attorney General and local prosecutors. The account is used exclusively for prosecuting mortgage lending fraud crimes, with expenditures authorized by the Department's director or their designee.

Establishes a mortgage lending fraud prosecution account funded by a $5 surcharge on deed of trust recordings.

The bill creates a mortgage lending fraud prosecution account to fund the criminal prosecution of mortgage lending fraud. A $5 surcharge is imposed on the recording of each deed of trust, with the county auditor retaining up to 5% for administrative costs. The remaining funds are deposited into the account, managed by the Department of Financial Institutions in consultation with the Attorney General and local prosecutors. The account is used exclusively for prosecuting mortgage lending fraud crimes, with expenditures authorized by the Department's director or their designee.