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Violation Tracker Individual Record

Company: Amerisave Mortgage Corporation
Current Parent CompanyAmeriSave Mortgage
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $2,300,000
Year: 2013
Date: July 31, 2013
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Amerisave agreed to pay $2.3 million to 35 states and the District of Columbia to resolve litigation brought by state mortage regulators alleging that certain Amerisave engaged in loan activities for which they were not licensed and that the company failed to provide proper supervision.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage lending
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.