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Violation Tracker Individual Record

Company: First Alliance Mortgage Company
Penalty: $60,000,000
Year: 2002
Date: March 21, 2002
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-ScandalMortgage Abuses
Violation Description: First Alliance Mortgage Company agreed to a $60 million settlement of a multistate lawsuit against the company and its chief executive officer for violations of federal and state laws governing consumer home mortgage loans.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
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.