Wednesday, December 09, 2009

Georgia Regulator Issues Cease & Desist Orders To Four Upfront Fee Loan Modification Companies

From the Georgia Department of Banking and Finance:
  • Georgia Banking Commissioner Robert Braswell [...] joined federal and state officials to crack down on loan modification and foreclosure relief scams, by the issuance of Cease and Desist Orders against individuals and companies who advertised unlicensed loan modification services to take hard-earned money from distressed Georgia homeowners.(1)

For the entire press release, see Georgia Cases Part of National 'Operation Stolen Hope'.

(1) The following firms were issued cease & desist orders, with links to the related press releases and C & D orders: