We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Cuomo Probe Into Loan Modification Industry Deepens

Law360 (June 9, 2009, 12:00 AM EDT) -- New York Attorney General Andrew Cuomo has subpoenaed 14 loan modification companies and said he will sue Long Island, N.Y.-based American Modification Agency Inc. as part of an ongoing investigation of “foreclosure rescue” companies.

Cuomo sent an intent-to-sue letter to Amerimod on Tuesday, warning the loan modification company that it will face litigation if it cannot provide evidence that it hasn’t broken New York statutes related to business and executive conduct within five days.

The attorney general says the probe into Amerimod was part of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.