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Violation Tracker Individual Record

Company: GMAC LLC
Current Parent Company: Ally Financial
Penalty: $6,250,000
Year: 2014
Date: October 9, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: Real Estate Settlement Procedures Act (RESPA)
Violation Description: GMAC agreed to pay over $6 million to settle litigation alleging it of engaging in a kickback scheme with mortgage reinsurers in violation of the Real Estate Settlement Procedures Act.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:07-cv-04296
Case Name: Moore v. GMAC LLC et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.