Loan fraud can be charged anytime someone is alleged to have intentionally misrepresented or falsified information on a loan application. This can apply to a broad range of loans, including mortgage loans, bank loans, credit cards and credit lines. Individuals who are charged with loan fraud are typically not those with existing criminal records; they are homeowners, real estate brokers, lenders and other individuals not associated with criminal acts.
If you have been charged or are under investigation for loan fraud, it is in your best interest to consult with an experienced loan fraud attorney as soon as possible. It is crucial to have an attorney on your side before you cooperate with the police in order to avoid incriminating yourself.