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Massachusetts DOB Enters Consent Order With Company for Unlicensed Mortgage Lending and Prohibited Costs
May 11, 2017, the Massachusetts Division of Banks (DOB) entered as a permission purchase having a Massachusetts mortgage that is residential company, alleging that, between January 2013 and December 2016, the business involved in unlicensed domestic home loan financing and charged charges in breach of Massachusetts legislation, and did not conform to the true…
Massachusetts DOB Issues Findings of Fact and Temporary Cease and Desist purchase Against Loan Servicing business
On April 20, 2017, the Massachusetts Division of Banks (DOB) released Findings of Fact and a Temporary purchase to Cease and Desist against that loan servicing business, alleging that the business involved in domestic real estate loan servicing methods that violate state and laws that are federal and didn’t meet up with the demands…
Massachusetts Commissioner of Banks Enters Into Consent Order with Car Sales Finance Business
​On March 24, 2017, the Massachusetts Commissioner of Banks (“Commissioner”) entered right into a permission purchase by having a licensed automobile product sales finance company, agreeing to keep from further violations of Massachusetts state legislation regulating the conduct of car product product sales funding. The permission purchase arrived following the Commissioner examined the ongoing company and afterwards granted a…