Business & Finance Renting & Real Estate

What Happens if I Can't Pay Restitution in a Criminal Mortgage Loan Fraud Case?

    Restitution

    • When a person is released from prison -- either on parole, probation or because he maxed out his sentence -- if he owes restitution, then he will be responsible for making payments to the people who the court deems he owes money. This restitution is a component of his sentence. A failure to pay the restitution on time can result in additional penalties, depending on the laws on the court in which the case was tried.

    Debt Relief

    • If a person cannot pay back the money he owes because he is indigent, then he may be able to petition his parole officer or the court for some help in paying back the debt. In some cases, the restitution may be lowered or the judge may allow the person to take more time in paying back the money he owes. However, if relief is not granted, the person may face additional penalties.

    Penalties

    • In some cases, a person who has failed to pay restitution will be charged additional money for the lateness in his paying. However, a person will not often be sent back to jail because he has failed to pay his restitution unless it can be shown in court that he has the money needed to pay back the restitution but is using it in other ways. In such an instance, the judge may argue he has violated his parole.

    Considerations

    • What will happen to a person who does not pay his restitution will depend very much on both the attitude of the court and policies of the jurisdiction in which he has been ordered to make payments. In some areas, enforcement of restitution payments is very lax. For example, according to television station FRQE in Albuquerque, New Mexico, the city has very few resources to force ex-offenders to pay what they owe.

SHARE
RELATED POSTS on "Business & Finance"
Flagler - Florida Commercial Properties
Flagler - Florida Commercial Properties
How to Interview a Realtor
How to Interview a Realtor
Florida Real Estate - Home Acquisition Tips That Will Work For You
Florida Real Estate - Home Acquisition Tips That Will Work For You
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
The best Community Management in San Diego
The best Community Management in San Diego
Selling Your House in a Buyers Market
Selling Your House in a Buyers Market
Eco-Friendly Qualities to Look for When Buying a House
Eco-Friendly Qualities to Look for When Buying a House
Search Suitable Property in Chandigarh through Free Classified Site
Search Suitable Property in Chandigarh through Free Classified Site
Points to consider before investing in property buys
Points to consider before investing in property buys
Moving to the Right Neighbourhood in a New City
Moving to the Right Neighbourhood in a New City
The Home Inspection Period
The Home Inspection Period
How to Protect Rental Income
How to Protect Rental Income
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Photographing Properties For Sale
Photographing Properties For Sale
Flats Available For Sale In Eldeco Magnolia Park Noida
Flats Available For Sale In Eldeco Magnolia Park Noida
Greater Cash Flow, Greater Returns- Investing Across State Lines
Greater Cash Flow, Greater Returns- Investing Across State Lines
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Foreclosure Help is on the Way
Foreclosure Help is on the Way

Leave Your Reply

*