|
December 29, 2009 -
The Idaho Department of Finance announced that refunds totaling $12,400 will be returned to victims of a loan modification scam.
Twelve Idaho homeowners paid International Co-Op LL, operated by Paul Clarence Aughtry, IV, for mortgage loan modification services. The company was not licensed to perform such modifications and Aughtry allegedly failed to contact many of the consumers’ services as promised, stated the Idaho Department of Finance in a December 23, 2009 press release.
The state’s Attorney General and the Department of Finance began the investigation after receiving a consumer compliant. Additional consumer complaints were received as the investigation progressed. “Companies offering mortgage loan modification services in Idaho are required to be licensed,” said Gavin Gee, director of the Idaho Department of Finance in the December 23 agency press release. “The Department of Finance will continue to take action against mortgage loan modification companies that ignore Idaho’s licensing laws and victimize Idaho homeowners.”
To read more on this issue, follow this link.
|
 |
|
|
NASCUS News Story Archive
Pressroom |
