Violation Tracker Individual Record

Company: 
Taylor, Bean & Whitaker Mortgage Corp.
Current Parent Company: 
Taylor, Bean & Whitaker
Penalty: 
$9,000,000
Year: 
2009
Date: 
June 22, 2009
Offense Group: 
financial offenses
Primary Offense: 
mortgage abuses
Violation Description: 

Taylor, Bean and Whitaker agreed to pay $9 million to resolve a multistate investigation of compliance shortcomings relating to non-traditional mortgages.

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: 
Florida
Ownership Structure of Parent: 
out of business
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.