LOAN FRAUD: FREQUENTLY ASKED QUESTIONS
Q. What is loan fraud?
A. Whoever with intent to defraud a financial institution knowingly overvalues or makes a false statement concerning any land, security, or other property for the purpose of influencing the financial institution to take or defer any action in connection with a loan or loan application. Wisconsin State Statue 943.83
Q. If I am a victim of loan fraud. What should I do?
A. Contact the lender and request a copy of your loan application that the company has on file. After receiving the application compare with your copy of the application, if the applications appear different concerning the loan details then contact the Milwaukee Police Department district station where you reside.