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Connecticut Announces New Wave of Debt Relief Company Actions

The State of Connecticut is very active when it comes to going after debt relief companies. I publish these actions as a warning to other debt relief companies so they can learn from the issues others have faced and avoid them.

In particular it appears the State Department of Banking is taking action against attorneys who are not licensed in the state yet performing debt relief activity.

Today the State has announced actions against:

Nationwide Debt Services and George Russo & Associates, PA

The allegation by the State is, “WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of Sections 36a-671 to 36a-671e, inclusive, of the Connecticut General Statutes contained in Part II of Chapter 669 of the Connecticut General Statutes, “Debt Adjusters and Debt Negotiation.”

The State ordered:

  1. Nationwide Debt Services, LLC CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes in effect prior to October 1, 2011, and Section 36a-671(b) of the Connecticut General Statutes;
  2. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon Nationwide Debt Services, LLC, to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed;
  3. George Russo & Associates, P.C., CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes in effect prior to October 1, 2011, and Section 36a-671(b) of the Connecticut General Statutes;
  4. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon George Russo & Associates, P.C., to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed; and
  5. This Order shall become effective when mailed. – Source

Forest Law Center, Forest Law Group

The allegation is the entities were involved in debt adjusting and debt negotiation.

The State ordered:

  1. Forest Law Center, PLC a/k/a Forest Law Group CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes;
  2. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon Forest Law Center, PLC a/k/a Forest Law Group, to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed; and
  3. This Order shall become effective when mailed. – Source

Sentry Legal, Sentry Law Firm

The allegation is the entities were involved in debt adjusting and debt negotiation.

The State ordered:

  1. Sentry Legal, PLLC a/k/a Sentry Law Firm CEASE AND DESIST from violating Section 36a 671(b) of the Connecticut General Statutes;
  2. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon Sentry Legal, PLLC a/k/a Sentry Law Firm, to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed; and
  3. This Order shall become effective when mailed. – Source

Connecticut Announces New Wave of Debt Relief Company Actions
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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