Monday, April 12, 2010

Idaho Regulator Issues C&D Order Against Alleged California Loan Modification Racket

From the Idaho Department of Finance:
  • The Idaho Department of Finance announced the issuance of a cease and desist order [] against California-based "Relief Law Center," stemming from alleged unlawful mortgage modification solicitations targeted to Idaho homeowners. "These solicitations are among the most deceptive we have seen," Finance Department Director Gavin Gee said.

  • Mailers from "Relief Law Center," also doing business as "USA Loan Auditors," were directed to Idaho homeowners and falsely represented that Idaho homeowners’ mortgage loans were part of a predatory lending investigation. Gee called the Relief Law Center’s tactics "reprehensible," and said the deceptive mailer was nothing but a ploy to lure financially strapped homeowners to make a telephone call leading to a pitch for payment of $1,200 in upfront fees.

For the Idaho Department of Finance press release, see California Company Ordered to Cease and Desist Mortgage Modification Solicitations in Idaho.