Text for CQS CPMS Policy
CQS Policy: Mortgage Fraud Schemes
Purchase this policy: Mortgage and Property Fraud Prevention Policy
- Change date
- 28/09/2023
- Word count
- 287
- Deployment measure
- 9/10
Rationale
CPMS 5.13 Practices must have a policy in relation to the avoidance of involvement in mortgage fraud. This suggested wording sets out common examples of red flags to look out for.
Fee earners are expected to be aware that mortgage fraud can take the form of fraud for property or profit (or both). It can be opportunistic e.g. parties misrepresenting their income or not declaring other debt obligations; or perpetrated
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