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Violation Tracker Individual Record

Company: James B. Nutter & Company
Current Parent Company: James B. Nutter & Company
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $2,400,000
Year: 2024
Date: September 23, 2024
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: James B. Nutter & Company, a former mortgage lender located in Kansas City, Missouri, has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly underwriting Home Equity Conversion Mortgages (HECM) insured by the Department of Housing and Urban Development (HUD)'s Federal Housing Administration (FHA) that did not meet program eligibility requirements.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Columbia
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage banking
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.