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 services
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. […]
7
Apr
Orlando Loan Modification Company & its Principal Served with Order to Cease and Desist
TALLAHASSEE, Fla (March 25, 2010) – The Florida Office of Financial Regulation (OFR) issued and served an Order to Cease and Desist all loan modification services to The Loan Critics, LLC at 1737 Sunset View Circle, Apopka, Florida 32703, and James Palmer. The orders charged that the company is acting in violation of Florida laws […]