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State UDAAP mortgage scam cases reach settlements
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Case Law
Friday, January 30, 2015
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Asserting their authority under Sections 1097 and 1042 of the Dodd-Frank Act, attorneys general from Florida and Connecticut filed a lawsuit against four individuals and their businesses for participating in a mortgage rescue scam. The Florida federal court has approved settlements with several of the defendants. What do these sections of Dodd-Frank say? What were the facts surrounding this case, and what will come from the settlements? Read on to find out.
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