loan fraud

Definition of "loan fraud"
  1. The deliberate act of providing false information on a loan application to secure a loan, potentially leading to legal consequences
How to use "loan fraud" in a sentence
  1. His deliberate false statement on the application constituted loan fraud, and he faced severe penalties.
  2. The bank identified several cases of loan fraud after auditing the applications.
  3. The police are investigating a case of loan fraud involving large sums of money.

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