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Violation Tracker Individual Record

Company: Mortgage Investors Corporation
Penalty: $7,500,000
Year: 2013
Date: June 27, 2013
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Mortgage Investors Corporation, one of the nation's leading refinancers of veterans' home loans, will pay a $7.5 million civil penalty, the largest fine the FTC has ever collected for allegedly violating Do Not Call provisions of the agency's Telemarketing Sales Rule. This case also represents the first action brought by the FTC to enforce the Mortgage Acts and Practices - Advertising Rule (MAP Rule), which allows the FTC to collect civil penalties for deceptive mortgage ads.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
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.