Violation Tracker Individual Record
Company:
Prospect Mortgage, LLC
Current Parent Company:
Homebridge Financial Services
Penalty:
$3,141,000
Year:
2014
Date:
February 12, 2014
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
Prospect Mortgage agreed to pay $1,811,000 administrative fees and approximately $1.33 million in refunds in settlement of allegations it overcharged some borrowers per diem interest, and other violations of state lending regulations.
Level of Government:
state
Action Type:
agency action
Agency:
California Department of Financial Protection and Innovation
Civil or Criminal Case:
civil
Facility State:
California
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.
