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Violation Tracker Individual Record

Company: RMK Financial Corporation dba Majestic Home Loans
Penalty: $1,000,000
Year: 2023
Date: February 27, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Consumer Financial Protection Bureau permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.The bureau took the action after finding that RMK, in violation of a 2015 order, continued to engage in misleading marketing to military families.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
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.