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Kansas Consumers to Be Repaid by Mortgage Firm

A Florida company has agreed to repayMortgage 001 Kansas consumers after being accused of illegally operating a loan modification service in Kansas, Attorney General Derek Schmidt has announced.

Defense Law Group, P.A., of Miami, agreed in a consent judgment to repay $17,681 to nine Kansans. The judgment was approved last week by Shawnee County District Judge Franklin R. Theis. In addition, the company agreed to pay the costs of the attorney general’s investigation.

“Companies that offer services in Kansas are expected to comply with our laws governing those transactions,” Schmidt said. “Our office will continue to enforce those laws and protect Kansas consumers.”

The Attorney General’s Office accused the company of operating a mortgage loan modification service without proper registration in Kansas and charging fees greater than allowed under Kansas law. Defense Law Group agreed to cease operations as a “credit services organization” in Kansas and to comply with the Kansas Consumer Protection Act in all future transactions involving Kansas customers.

Schmidt reminded Kansans to be cautious when working with mortgage modification services, especially those that charge an upfront fee. Companies that engage in these services in Kansas are required to register with the Kansas Bank Commissioner. For more information, visit www.ag.ks.gov.

 

 

 

 

KSKOLLoct
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