Fraud Amendments

HB 96 amends Utah's criminal code (Section 76-6-511) to adjust penalties for defrauding creditors, directly affecting individuals who intentionally hide, transfer, or destroy property to avoid paying debts. The bill increases penalties based on the amount owed: a class A misdemeanor for fraud under $10,000 and a third-degree felony for $10,000 or more. It does not create new offenses but clarifies existing criminal liability for actions like concealing assets during creditor proceedings or providing false information about a debtor’s estate. The changes apply to cases involving property subject to security interests or creditor administration.