Suppliers' deceitful filings to transfer property in consumer deals would count as deception

The proposed rule would treat a supplier's deceitful recording of a false deed or sworn statement to transfer property as a deceptive act. In a consumer deal, it covers transferring property, trying to transfer it, or plotting with others to do either by recording a false deed or sworn statement. The supplier must intend to deceive. The proposed rule would take effect July 1, 2026, if enacted.

After finding a knowing or intentional violation, a court could stop the conduct, settle who owns the property, and award money to someone who relied on the false filing. This covers a supplier's property transfers, attempts, and plots with others involving the recording of a false deed or sworn statement in a consumer deal. Compensation may reach three times the actual loss. If awarded, punitive damages must be at least twice that maximum. The award may also include legal fees and costs. These court options would take effect July 1, 2026, if enacted.