Loan Mod Outfit Settles Suit w/ State AG Alleging Unlicensed Activity; Agrees To Refund Customer Cash, Pay $5K Penalty, Promises Never To Do It Again

From the Office of the Nevada Attorney General:

• Nevada Attorney General Catherine Cortez Masto announced [] that an agreement has been reached with Focus 2000 Financial Corporation regarding its unlicensed loan modification program. The State of Nevada has alleged that Focus 2000 Financial Corporation operated a loan modification service without the proper licensing by the Nevada Mortgage Lending Division and took payment for services prior to the completion of the loan modification in violation of Nevada deceptive trade law.

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• As a result of the settlement, Focus 2000 Financial Corporation will agree to refund all monies paid by homeowners who did not have their loan modification completed and to pay a civil penalty of $5000. Focus 2000 Financial Corporation will provide documentation to show that refunds were paid as promised and has agreed not to engage in any loan modification or other credit repair activities without the proper licenses and permits.

Source: Attorney General Masto Announces Civil Agreement In Mortgage Fraud Case.