From the California Attorney General
Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office.
He also ordered more than two dozen companies to justify suspicious loan modification claims made in “slick advertising,” online and through the mail.
Brown has sent letters directing 386 mortgage foreclosure consultants to register with his office within 10 days and post $100,000 bond, or demonstrate why they are not required to. If the consultants are required to register and have failed to do so, they are subject to criminal penalties of up to a year in jail and fines ranging from $1,000 to $25,000 per violation.
I bet there’s more than a few “foreclosure consultants” in California right now who wondering what baseball bat just hit them upside the head. This is an excellent and aggressive move from the probable next governor of California. The Democratic race will probably come down to Brown vs. Mayor Hair Gel of San Francisco, who I have concluded based on our recent 15 months living there, is a slithering weasel who reminds me mostly of Mitt Romney, an empty suit gifted at being a chameleon.
But wait, there’s more
Brown sues 21 individuals and 14 companies who ripped off homeowners desperate for mortgage relief
(Yes, he was governor once before too.)