Sec. 402.032. RESIDENTIAL MORTGAGE FRAUD TASK FORCE    


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  • (a) In this section, "task force" means the residential mortgage fraud task force.

    (b) The office of the attorney general shall establish the task force to form a strategic partnership between state, federal, and local law enforcement agencies to better enable law enforcement and state agencies to take a proactive stance towards tracking and prosecuting mortgage fraud and the perpetrators of mortgage fraud statewide.

    (c) The task force consists of the following persons or their appointees:

    (1) the attorney general;

    (2) the consumer credit commissioner;

    (3) the banking commissioner;

    (4) the credit union commissioner;

    (5) the commissioner of insurance;

    (6) the savings and mortgage lending commissioner;

    (7) the presiding officer of the Texas Real Estate Commission;

    (8) the presiding officer of the Texas Appraiser Licensing and Certification Board; and

    (9) a representative of the Texas Department of Housing and Community Affairs.

    (d) The task force may request assistance from the Federal Bureau of Investigation, United States Secret Service, United States Department of Justice, United States Department of Homeland Security, Internal Revenue Service, and the United States Postal Service.

    (e) The task force shall focus its efforts in:

    (1) sharing information and resources; and

    (2) successfully enforcing administrative and criminal actions against perpetrators of mortgage fraud.

    (f) The agencies of the persons listed in Subsection (c) may share confidential information or information to which access is otherwise restricted by law with one or more of the other agencies of the persons listed in Subsection (c) for investigative purposes described by Subsection (b). Except as provided by this subsection, confidential information that is shared under this subsection remains confidential and legal restrictions on access to the information apply.

    (g) The task force shall submit to the governor, lieutenant governor, and speaker of the house of representatives an annual report on the progress of each agency of the persons listed in Subsection (c) in accomplishing the purposes described by Subsection (b).

    (h) The office of the attorney general shall oversee the administration of the task force. The attorney general shall provide the necessary staff and facilities to assist the task force in performing its duties.

    (i) The attorney general may solicit and accept gifts, grants, and donations of money, services, or property on behalf of the state for disbursement to any state agency or local law enforcement agency to aid the task force in the investigation and prosecution of mortgage fraud in this state.

Added by Acts 2007, 80th Leg., R.S., Ch. 285 , Sec. 2, eff. September 1, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 709 , Sec. 2, eff. September 1, 2009.