Mortgage Daily Logo
mortgage news from industry experts

Lender Faces Up to $80,000 in Do Not Call Fines

Lender Faces Up to $80,000 in Do Not Call FinesFlorida sues Majestic Mortgage LLC

July 13, 2005

By COCO SALAZAR

A Florida correspondent lender has joined a growing list of mortgage companies being sued for alleged “Do Not Call” violations.

The Florida Department of Agriculture and Consumer Services recently announced that it is seeking injunction prohibiting Majestic Mortgage LLC from any future calls to residents on the “Do Not Call” list.

The lawsuit the department filed in the Palm Beach County Circuit Court accuses the Boca Raton, Fla.-based firm of making at least eight phone calls to Florida residents on the “Do Not Call” list during the past four months. Additionally, the state agency alleges the company played recorded messages when residents answered the phone — a separate violation of Florida law, according to the announcement.

“Consumers who join the program are entitled to be spared the intrusion of commercial telemarketing calls, and we are committed to seeing that their privacy is protected,” department commissioner Charles Bronson said in the written statement.

The department said it seeks fines of up to $10,000 for each violation involving the calls Majestic made to prohibited telephone numbers.

However, Mark Slicker, the registered agent for Majestic — which on its Web site says it is a “correspondent lender,” — said the calls stemmed from a hired, third-party marketing firm that does business for multiple mortgage companies.

Despite that the marketing firm is responsible for abiding by “Do Not Call” rules, Majestic ended up with the complaint from the department, Slicker said, adding that it will seek legal action against the firm.

The department says it has collected or obtained judgments for more than $1 million against companies that have called residents on the list, and several lawsuits on such violations are pending in courts throughout the state.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.email: CocoSalazar@MortgageDaily.com

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION