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Violation Tracker Individual Record

Company: Prospect Mortgage, LLC
Current Parent Company: Homebridge Financial Services
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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 Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage lending
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.