Violation Tracker Individual Record
Company:Prospect Mortgage, LLC
Date:February 12, 2014
Offense Group:consumer-protection-related offenses
Primary Offense:consumer protection violation
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
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
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