CRIME OF DEED THEFT

HB 272 creates new criminal offenses for "deed theft," defined as intentionally altering, forging, or misrepresenting property deeds or titles to fraudulently transfer ownership of real property. It imposes penalties ranging from third-degree felony (one commercial property) to first-degree felony (residential properties, especially those occupied by vulnerable owners like the elderly, disabled, or incapacitated). The bill specifically targets fraud involving residential homes - particularly those occupied or owned by vulnerable individuals - as well as commercial properties. It directly affects individuals who commit property fraud through document manipulation, with harsher penalties for targeting residential properties or multiple properties. The law aims to strengthen legal consequences for fraudulent property transfers without advocating for or against the policy.