Massachusetts DOB Enters Consent Order With Company for Unlicensed Mortgage Lending and Prohibited Charges
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 Delaware payday loans laws business involved with unlicensed residential home loan lending and charged charges in breach of Massachusetts legislation, and neglected to conform to the actual…
Massachusetts DOB Issues Findings of Fact and Temporary Cease and Desist Order Against Loan Servicing business
On April 20, 2017, the Massachusetts Division of Banks (DOB) granted Findings of Fact and a Temporary Order to Cease and Desist against that loan servicing business, alleging that the business involved in domestic home mortgage servicing methods that violate state and federal guidelines, and did not meet up with the needs…
Massachusetts Commissioner of Banks Enters Into Consent Order with Car Product Sales Finance Business
​On March 24, 2017, the Massachusetts Commissioner of Banks (“Commissioner”) joined into a permission purchase having a licensed automobile product product sales finance business, agreeing to keep from further violations of Massachusetts state legislation regulating the conduct of car product product sales funding. Continue reading