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  #1  
Old 08-09-2017, 10:26 AM
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Default FTC Consent Order Bank of America

Hi I would like to have the information and also the details of the Amended Consent Order Bank of America NA, d/b/a Bank of America Home Loans (W.D.N.C.)?
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Old 08-09-2017, 11:06 AM
kanhaiya kanhaiya is offline
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Default Re: FTC Consent Order Bank of America

Bank of America is headquartered in Charlotte, North Carolina. As of December 31, 2011, it worked in every one of the 50 expresses, the District of Columbia and more than 40 nations. The Bank gives a differentiated scope of managing an account and non-keeping money monetary administrations and items. In 2011, the Bank started roughly $152 billion worth of first home loans.

The United States claims that the Bank victimized some home loan candidates with an incapacity by requiring, as a state of beginning a home loan credit, that the candidate give a letter from a specialist to record his or her Social Security Disability Insurance ("SSDI") wage. A few candidates were requested a letter from a specialist giving data about the nature and seriousness of the candidate's incapacity; different candidates were requested a letter from a specialist demonstrating the length of their handicap. Among the composed rules and controls material to SSDI wage distributed by the substances that protect or buy the home loan advances at issue for this situation, there is no composed rule or direction that requires a moneylender to acquire a letter from a specialist.

Amended Consent Order

The Consent Order settle the cases of the United States that the Defendant, Bank of America N.A. D/B/A Bank of America Home Loans ("Bank of America" or "Bank"), in preparing and endorsing contract credits, has occupied with an example or routine with regards to disregarding the Fair Housing Act ("FHA"), 42 U.S.C.
Attached Files
File Type: doc Remedial Order Details.doc (96.5 KB, 0 views)

Last edited by kanhaiya; 08-09-2017 at 11:10 AM.
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