Fraudulent disposition of mortgaged property · as in force on May 31, 2026
§ 185.10 Fraudulent disposition of mortgaged property.
A person is guilty of fraudulent disposition of mortgaged property when, having theretofore executed a mortgage of real or personal property or any instrument intended to operate as such, he sells, assigns, exchanges, secretes, injures, destroys or otherwise disposes of any part of the property, upon which the mortgage or other instrument is at the time a lien, with intent thereby to defraud the mortgagee or a purchaser thereof.
Fraudulent disposition of mortgaged property is a class A misdemeanor.
After granting a mortgage or similar lien, a person commits this offense by selling, assigning, exchanging, hiding, injuring, destroying, or otherwise disposing of any covered property with intent to defraud the mortgagee or purchaser. ★ It is a class A misdemeanor.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 4 — The Court Clerk: Penal Law; Volume 1 — The Court Officer in Plain English; Volume 3 — The Court Officer: Penal Law; Volume 3 — Your Career: Penal Law in Plain English.