Home Loan Co.'s $7.5M Fine Largest Ever Do-Not-Call Penalty

Law360, New York (June 27, 2013, 1:50 PM EDT) -- A veterans' home loan refinancer will pay $7.5 million to settle allegations that it violated Do Not Call registry rules by failing to remove consumers upon request and misstating the terms of available loan products, the Federal Trade Commission said Thursday.

The FTC said the fine against Mortgage Investors Corp. of Ohio Inc., which it called one of the nation's leading refinancers of veterans' home loans, is the largest it has ever collected for alleged violations of Do Not Call provisions of the agency's Telemarketing Sales...
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