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Do Not Call Violations May Cost Broker $770k

FCC seeks penalties against Dynasty Mortgage

March 2, 2005

By MortgageDaily.com staff

The government is trying to collect nearly $800,000 from an Arizona mortgage broker accused of violating federal do-not-call rules.

The Federal Communications Commission announced Tuesday that it has proposed a forfeiture of $770,000 against Dynasty Mortgage. The amount results from telemarketing calls the Phoenix-based mortgage broker allegedly made to 70 consumers who registered their numbers on the National Do-Not-Call Registry.

The commission proposed a maximum forfeiture of $11,000 for each of the violations because Dynasty apparently continued calling consumers even after receiving the commission's citation warning it of potential penalties if it persisted to violate do-not-call rules. Plus, Dynasty allegedly misinformed consumers that it was exempt from the rules, according to the announcement.

Dynasty, which also operates a title company and luxury home renovation company, says it employs almost 200 employees in Arizona and California.

While the company could not immediately respond to MortgageDaily.com's request for a statement, Curtis White, Dynasty's president and CEO, was quoted by DIRECTnewsline as saying, "The vagueness of the laws in place now do not give us a map to follow other than do not call people on the do-not-call list.

"Somehow, some way, by accident or the customer not registering on time or within the 31-day allotment, [something happened that triggered complaints to the FCC]," White added.

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