Georgia. Legislation approved by the state Senate establishes criteria for mortgage fraud. Under the Residential Mortgage Fraud Act, mortgage fraud occurs when a person deliberately lies, deceives, or makes a material omission or knowingly uses anything that would mislead a mortgage lender, a borrower or any party to a mortgage transaction. Fraud also occurs if a person knowingly receives any kickback in connection with a mortgage loan closing or conspires to violate the law. Filing