New administrative actions have just been made public against more debt relief companies. Connecticut does not mess around.
The new entires made public include:
The company did not respond to administrative notices sent by the Consumer Credit Division of the Department of Banking. The company was hit with $11,795 in fines and is barred from Connecticut. – Source
The State alleges:
The company after receiving my information said they could get me into a loan modification program. They said that they could work with my mortgage company or a bank to get my monthly payments reduced. The cost was $4100.00 which was taken out in three installments from my wife’s checking account. They also told me not to talk to any staff from the mortgage company that they will take care of that.
The payment of $4,100 for such debt negotiation services was in excess of amounts that debt negotiators may charge for services pursuant to the Schedule of Maximum Fees established by the Commissioner on or about October 1, 2009.
A further hearing will be held on this matter and they have been issued a cease & desist notice in the meantime. – Source
According to State documents, Lupolover is also affiliated as a control person of the following entities: Creditors Relief LLC; Premier Debt Solutions Limited Liability Company; Premier Debt Solvers; Premier Debt Pro; Law Offices; Consumer Law Advocates PC; Debt Solutions Limited Liability Company; and Lupolover & Canty Professional Corporation.
The Commissioner alleges that from at least October 2009 to July 2011, Respondents were engaged in unlicensed debt negotiation activity in Connecticut, in violation of Section 36a-671(b) of the Connecticut General Statutes.
As of July 20, 2011, Respondents ceased and desisted from engaging or offering to engage in debt negotiation in this state.
Pursuant to a settlement agreement entered into on July 20, 2011, with the Office of Chief Disciplinary Counsel of the State of Connecticut Judicial Branch, Lupolover and Law Offices herein represent that they have either refunded or transferred to a duly licensed or exempt debt negotiator all fees paid by Connecticut clients of Law Offices for debt negotiation services. Such refunded fees totaled approximately $166,539.
Lupolover and Premier Debt Solvers herein represent that they have refunded all fees paid by Connecticut clients of Premier Debt Solvers for debt negotiation services. Such fees totaled approximately $11,741.
Lupolover and Premier Debt Pro herein represent that they have refunded all fees paid by Connecticut clients of Premier Debt Pro for debt negotiation services. Such fees totaled approximately $2,857.
A consent order was entered into on April 26, 2012. The entities must stop engaging or offering to engage in unlicensed debt negotiation activity in Connecticut and pay a $3,000 penalty. – Source