Nev. Sues BofA Over Deceptive Mortgage Programs

Law360, New York (August 30, 2011, 9:22 PM EDT) -- Nevada's attorney general on Tuesday accused Bank of America Corp. of violating a loan modification agreement with the state through deceptive mortgage sales practices, premature foreclosures and a faulty mortgage modification program.

Nevada Attorney General Catherine Cortez Masto claims Bank of America and mortgage servicer Countrywide Financial Corp. lied to customers in the state about the terms of their loans and caused many to default, violating the Nevada Deceptive Trade Practices Act and a consent judgment Countrywide reached with the state in 2009.

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