Wednesday, December 7, 2011

Maryland AG Issues Cease & Desist Order Against Alleged Loan Modification Racket

In Baltimore, Maryland, Legal Newsline reports:

  • Maryland Attorney General Douglas Gansler announced on Thursday that he has issued a cease and desist order against an allegedly unlicensed lawyer and his business for illegally providing professional services.

  • Corey W. Hankerson and his business, The Equity Law Group LLC, allegedly preyed on consumers by offering legal assistance and credit services when Hankerson was not licensed as a lawyer or as a credit services professional.

  • "Offering legal assistance or credit services without a license exploits those consumers who find themselves in trouble and desperate for help," Gansler said. "The licensing and registration requirements are there to ensure consumers spend their hard-earned money on getting the help they need from legitimate professionals."

  • Hankerson allegedly charged consumers who were facing severe financial problems and foreclosures for supposedly providing loan modifications and legal representation in bankruptcy proceedings. He allegedly charged consumers thousands of dollars but provided them little or no services.

For more, see Gansler says lawyer not licensed.

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