Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Quicken Loans, Inc. and One Reverse Mortgage, LLC
Current Parent Company: Rocket Companies Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $250,000
Year: 2018
Date: April 20, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Quicken Loans, Inc. and One Reverse Mortgage, LLC, independent companies owned by a common parent, agreed to pay a total of $250,000 in settlement of allegations they failed to comply with state and federal statutes as required by mortgage lenders, particularly failure to report data required under the Home Mortgage Disclosure Act.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Division of Banks
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.