1) If the bank doesn't present an ALA (Arms Length Affidavit) at closing, are the parties liable for any
kind of federal mortgage fraud prosecution if buyer is a distant relative ?
2) Is there a ques. on the Equator appl. as to the relationship between the buyer and seller ? If so
and it is not answered or answered incorrectly, can that be considered mortgage fraud whether or
not a ALA is requested at closing?
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