Violation Tracker Individual Record

Company: 
Mortgage Access Corp. dba Weichert Financial Services
Current Parent Company: 
Weichert Financial Services
Penalty: 
$3,000,000
Year: 
2011
Date: 
May 27, 2011
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Weichert Financial agreed to pay $3 million to ten states (Connecticut, Kentucky, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont and Virginia) to resolve allegations that it violated mortgage lending licensing regulations.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New Jersey
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
mortgage lending
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.