Tuesday, November 8, 2016

PrimeLending to pay $1.6 million to settle charges of overcharging California borrowers

PrimeLending will pay more than $1.6 million as part of a settlement with the California Department of Business Oversight, which accused the Texas-based #lender of overcharging hundreds of California borrowers for interest on their #mortgages. Only when the CDBO informed the company it planned to file an enforcement action and suspend the firm’s license to conduct business within the state did PrimeLending begin to comply the with state’s laws. http://www.housingwire.com/articles/38478-primelending-to-pay-16-million-to-settle-charges-of-overcharging-california-borrowers ❤️ #share #mortgage



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