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by CareyBot

Authorities are investigating what is believed to be the first case of mortgage fraud in Dawson County, Ga., the Gainesville, Ga., Times reported. Imran Siddiqui was arrested March 28 while attempting to close on a loan involving a Dawson County home, reports said. Siddiqui is being held in the Dawson County Detention Center on one count of residential mortgage fraud, Sgt. Tony Wooten of the Dawson County Sheriff's Office told the Times. Georgia's new Residential Mortgage Fraud Act makes it possible for alleged fraudsters to be charged with mortgage fraud, which was not previously the case. The Act, aimed at curbing mortgage fraud, was signed into law May 5, 2005 by Georgia Gov. Sonny Perdue. It defines the criminal offense of residential mortgage fraud. Anyone convicted of engaging in res...