Loan Modification Firm Targeted By Florida AG Coughs Up $500K In Partial Restitution Payments; Says It's Now Tapped Out

From the Office of the Florida Attorney General:

• To date, [now-defunct loan modification firm] Lincoln Lending [LLC] has distributed approximately $500,000 in restitution payments. They are currently claiming that funds available for restitution have been exhausted. The OAG is in the process of investigating whether additional funds exist for a continuation of the restitution process. In the event that additional funds are discovered and secured, we will seek a court order requiring the continuation of these payments. Consumers who have filed complaints with the Office of the Attorney General concerning Lincoln Lending, and consumers who have filed affidavits concerning their transactions with Lincoln Lending are not required to take any additional actions at this time.

For more, see Status update concerning Lincoln Lending.