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Can you summarize Tex. Penal Section 32.32?
CREDIT > FALSE STATEMENT TO OBTAIN PROPERTY OR CREDIT OR IN THE PROVISION OF CERTAIN SERVICES.
Short Summary
This section of the Texas Penal Code governs the offense of making a false statement to obtain property or credit or in the provision of certain services. It defines ‘credit’ to include various forms of loans, property or service on credit, extending due dates, co-making or guaranteeing notes, lines or letters of credit, credit cards, and mortgage loans. The offense is committed when a person intentionally or knowingly makes a materially false or misleading written statement to obtain property or credit, including a mortgage loan, or provides a false appraisal of real property for compensation. The severity of the offense ranges from a Class C misdemeanor to a felony of the first degree, depending on the value of the property or the amount of credit involved. Various agencies are mandated to assist in the investigation of offenses involving mortgage loans, and the attorney general has concurrent jurisdiction to prosecute such offenses with the consent of the local prosecutor.
Whom does it apply to?
Any person who intentionally or knowingly makes a materially false or misleading written statement to obtain property or credit, including a mortgage loan, or provides an appraisal of real property for compensation
What does it govern?
False statement to obtain property or credit or in the provision of certain services
What are exemptions?
No exemptions are mentioned
What are the Penalties?
The penalties for an offense under this section vary based on the value of the property or the amount of credit involved. It ranges from a Class C misdemeanor for values less than $100 to a felony of the first degree for values of $300,000 or more.
Jurisdiction
Texas