Serp’s test Massachusetts Division of Banking Institutions

Serp’s: test Massachusetts Division of Banking Institutions

Massachusetts DOB Enters Consent Order With Company for Unlicensed Mortgage Lending and Prohibited Costs

May 11, 2017, the Massachusetts Division of Banks (DOB) entered into a permission purchase having a Massachusetts domestic mortgage lending company, alleging that, between January 2013 and December 2016, the business involved in unlicensed domestic mortgage financing and charged charges in breach of Massachusetts legislation, and did not adhere to the true…

Massachusetts DOB Issues Findings of Fact and Temporary Cease and Desist purchase Against Loan Servicing business

On April 20, 2017, the Massachusetts Division of Banks (DOB) granted Findings of Fact and a Temporary purchase to Cease and Desist against that loan servicing business, alleging that the business involved in residential home mortgage servicing methods that violate state and federal rules, and did not meet with the demands…

Massachusetts Commissioner of Banks Enters Into Consent Order with Automobile Product Sales Finance Business

​On March 24, 2017, the Massachusetts Commissioner of Banks (“Commissioner”) joined as a permission purchase having a licensed automobile product product sales finance business, agreeing to keep from further violations of Massachusetts state legislation regulating the conduct of car product product sales funding. The permission order arrived following the Commissioner examined the business and afterwards released a…

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This financial obligation catastrophe Is creating a Comeback.Payday loans simply got a large shot into the supply from a source that is unlikely.

Payday advances simply got a huge shot within the supply from a source that is unlikely.

Earning money from providing short-term loans to borrowers is just a tradition that is time-honored extends back hundreds of years. Yet lots of the low-income Us americans whom count on the modern-day pay day loan have a problem repaying their financial obligation, and that may cause a downward financial obligation spiral that will result in serious monetary effects. Continue reading

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