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Violation Tracker Individual Record

Company: Mortgage Research Center, LLC et al.
Penalty: $140,580
Year: 2017
Date: January 27, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Mortgage Research Center, dba VALoans.com dba Veteran Loan Center, dba Veterans United Home Loans, dba Veterans United Home Loans of Hawaii/San Diego and VAMortgageCenter.com, agreed to pay $100,000 in penalties and refunds in settlement of allegations it charged per diem interest over the amount allowed by state law, had a Fair Lending Notice that did not follow state regulations, and did not reconcile trust funds in the manner required by state regulations.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.