Violation Tracker Individual Record

Company: 
Quicken Loans, Inc. and One Reverse Mortgage, LLC
Current Parent Company: 
Quicken Loans
Penalty: 
$250,000
Year: 
2018
Date: 
April 20, 2018
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Quicken Loans, Inc. and One Reverse Mortgage, LLC, independent companies owned by a common parent, agreed to pay a total of $250,000 in settlement of allegations they failed to comply with state and federal statutes as required by mortgage lenders, particularly failure to report data required under the Home Mortgage Disclosure Act.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Division of Banks
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
HQ Country of Parent: 
USA
HQ State of Parent: 
Michigan
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.