Current through the 2024 Fourth Special Session
Section 67-5-31 - Mortgage and Financial Fraud Investigation and Prosecution Restricted Account(1) There is created a restricted account within the General Fund known as the "Mortgage and Financial Fraud Investigation and Prosecution Restricted Account."(2) The restricted account includes: (a) $2,000,000 of deposits from the foreclosure fraud settlement agreement between the United States Justice Department, United States Department of Housing and Urban Development, and a bipartisan group of state attorneys general, including Utah's attorney general, Bank of America, Citi, JP Morgan Chase, GMAC, and Wells Fargo announced in February 2012; and(b) any other amount appropriated by the Legislature.(3) Money from the restricted account shall be used by the attorney general to: (a) investigate and prosecute mortgage and financial fraud throughout the state; and(b) fund mortgage and financial fraud investigation and prosecution staff.Added by Chapter 350, 2012 General Session ,§ 3, eff. 7/1/2012.