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Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Mortgage Fraud Schemes
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