Regulatory Alerts2021-02-19
Added · Updated
Consent Order Regarding Traditional Mortgage Acceptance Corporation d/b/a GoodLife Home Loans
Traditional Mortgage Acceptance Corporation d/b/a GoodLife Home Loans must cease acting as an unlicensed mortgage servicer in Connecticut and pay a $10,000 civil penalty to the State of Connecticut. The order resolves allegations that the entity violated Connecticut General Statutes by servicing mortgages without the required license or exemption from approximately 2016 to the present. TMAC waives its right to a hearing or judicial review and agrees to disclose the order on the Nationwide Multistate Licensing System and Registry. The Commissioner will not pursue further enforcement action on these specific allegations provided TMAC complies with the order's terms.
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