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Violation Tracker Individual Record

Company: Equity One Mortgage
Penalty: $100,000
Year: 2011
Date: December 21, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Equity One Mortgage was ordered to pay a $100,000 fine in an Order finding it engaged in a co-brokering scheme, in which it took loan documents from an unlicensed person to submit to a lender, claiming it was the work of the registered company, in return for a share of the commission.
Level of Government: state
Action Type: agency action
Agency: Illinois Division of Banking
Civil or Criminal Case: civil
Facility State: Illinois
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.