Wisconsin Regulator Orders Firm To Refund Fees Received From Unlicensed Loan Modification Services

In Milwaukee, Wisconsin, the Milwaukee Journal Sentinel reports:

• A regulator has ordered a Janesville foreclosure consultant not to sell mortgage modification services and to refund fees it has charged to customers. Rightway Solutions Inc. has been operating without an "adjustment service company" license needed to provide services to help debtors modify mortgages, the Wisconsin Department of Financial Institutions says.

***

• Rightway and Gorniak are ordered to refund any fees charged to adjustment service customers in Wisconsin since Feb. 27, 2009. By March 26 of this year, Rightway must forward to DFI the refund checks and stamped envelopes to each customer, along with letters telling the customers about the refund, the order states.

For more, see State orders Janesville firm to stop mortgage modification service.

For the Wisconsin DFI order, see In re: Rightway Solutions Inc. / Marietta J. Gorniak.