Nevada Regulator Belts Two Unlicensed Loan Modification Outfits With $40K In Fines, Plus Legal Fees, Probe Costs

Buried at the end of a recent story in the Las Vegas Review Journal on recent administrative enforcement actions taken by the State of Nevada Mortgage Lending Division is the following excerpt on two loan modification outfits hit with cease and desisit orders:

• Issued a cease-and-desist order to Las Vegas-based Homekeepers RSVP, formerly doing business as Homekeepers LLC, for performing unlicensed loan modification services. The company is prohibited from advertising for and/or soliciting foreclosure or loan modification consulting business and cannot provide these services to Nevada consumers. The company has also been fined $20,000 and must pay the division's investigative costs.

• Issued a cease-and-desist order to Las Vegas Paralegal Services and Maria D. Davila for providing foreclosure and loan modification consulting services without a license. Davila and Las Vegas Paralegal Services are barred from advertising for and/or soliciting foreclosure or loan modification consulting business and cannot provide these services to Nevada consumers. They have each been fined $10,000 and must pay the division's investigative costs and any attorney's fees the division may incur.

Source: State revokes OneCap Mortgage Corp.'s license.