In a March, 2011, article on Florida’s Office of Financial Regulation’s website that the Florida Office of Financial Regulation (OFR) Commissioner Tom Cardwell announced the 100th Cease & Desist Order was served in Florida to companies conducting unlawful loan modification services. Commissioner Tom Cardwell cautions citizens against paying any upfront fees for loan modifications, which are illegal. […]
Tag Archives: loan modification scams
7
Sep
Florida Authorities Crackdown on Unlicensed Mortgage Modification Activities In Clay County
Clay County, Florida – It was announced on Florida’s Office of Financial Regulation’s website that on September 2, 2010, Clay County Sheriff Rick Beseler and Commissioner Tom Cardwell of the Florida Office of Financial Regulation (OFR), today announced the execution of search warrants at two offices run by Clay County based companies. As the result […]
7
Apr
Loan Modification Licensure in Florida is Now an Industry with Regulation
The days of simply opening up and starting a loan modification business have come to an end in Florida. Individuals or businesses providing loan modification services must now be licensed as a mortgage broker by the Florida Office of Financial Regulation (OFR) in order to conduct business. The Florida Legislature recently passed Senate Bill SB 2226. […]