Nevada Regulator Tags Loan Modification Consultant With $25K Fine, Restitution Order For Peddling Services Without Proper Licensing
In Las Vegas, Nevada, the Las Vegas Sun reports:
- A $25,000 fine has been levied by the state against a Las Vegas man for working as a consultant on foreclosures and loan modifications without proper licensing.
The state Division of Mortgage Lending has revoked the license of Jose B. Rodriguez, who was ordered to reimburse the two clients to whom he provided consulting services and to pay $1,635 to cover the cost of the investigation. Rodriguez did not challenge the allegations or the penalty.
The complaint said Rodriguez was licensed by the division as an associated covered service provider in April 2010. But he was required to work under a fully licensed company.
In September 2010 Rodriguez went on his own without supervision. And he failed to renew his license in January this year. The division said it received complaints from two companies that Rodriguez offered the services without the proper licensing.
Commissioner James Westrin imposed the maximum fine allowed by law and has given Rodriguez 30 says to pay the penalty.
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