{"jurisdiction": "us-ny", "code": "penal", "section": "187.25", "citation": "Penal Law § 187.25", "heading": "Residential mortgage fraud in the first degree", "text": ["§ 187.25 Residential mortgage fraud in the first degree.", "A person is guilty of residential mortgage fraud in the first degree when he or she commits residential mortgage fraud and thereby receives proceeds or any other funds in the aggregate in excess of one million dollars.", "Residential mortgage fraud in the first degree is a class B felony."], "official_source": "https://www.nysenate.gov/legislation/laws/PEN/187.25", "from_official_api": true, "plain_english": "A person commits first-degree residential mortgage fraud by committing residential mortgage fraud and thereby receiving aggregate proceeds or other funds of **more than $1,000,000**. ★ It is a **class B felony**.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/penal/187.25", "publisher": "Elyphived LLC"}