State Regulator Clips Loan Modification Operator Out Of $2,500 For Unlicensed Activity; Seeks Refunds For Cash Collected From Homeowners

From the Nevada Division of Mortgage Lending:

• After investigation, the Division [of Mortgage Lending] found that Las Vegas-based Felipe J. Urbina, dba Conceptos Home Retention Team, was providing loan modification and foreclosure consultant services without a license from the Division. As a result, the Division issued a $2,500 fine, plus $438 in administrative costs. The Division is also seeking to require Mr. Urbina to refund payments he collected from homeowners while he conducted the unlicensed activity.

For the press release, see Division of Mortgage Lending Issues Fines and Takes Enforcement Action in Four Matters.