Violation Tracker Individual Record

Company: 
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LP
Current Parent Company: 
Bank of America
Penalty: 
$20,000,000
Year: 
2011
Date: 
May 26, 2011
Primary Offense: 
mortgage abuses
Secondary Offense: 
Servicemembers Civil Relief Act
Violation Description: 

BAC Home Loans Servicing LP, formerly known as Countrywide Home Loans Servicing LP, a subsidiary of Bank of America Corporation, agreed to pay $20 million to resolve a lawsuit alleging that Countrywide foreclosed on approximately 160 servicemembers between January 2006 and May 2009 without court orders.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.