Violation Tracker Individual Record

Company: 
Countrywide Securities Corp.
Current Parent Company: 
Bank of America
Penalty: 
$17,300,000
Year: 
2013
Date: 
December 30, 2013
Primary Offense: 
mortgage abuses
Violation Description: 

Countrywide Securities Corp. agreed to pay $17.3 million in settlement of allegations it violated state law with its mortgage practices in Massachusetts.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Attorney General
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
Massachusetts
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.