For years now I’ve talked about how tough the state of Connecticut is with debt relief companies. Well today marks another page turn in that story.
The State attempted to contact Consumer Assistance Project, Back Office Law Project, and the Law Office of Timothy McCabe, numerous times, over concerns of unlicensed debt adjusting or debt negotiation.
And apparently the Consumer Assistance Project entered into a consent order on April 17, 2014 with the State. But when it came to McCabe, nothing has been resolved and the State published this notice:
The Commissioner finds that the matters asserted, as set forth in paragraphs 1, 3 through 5, inclusive, and 10 of Section II of the Order and Notice, shall constitute findings of fact within the meaning of Section 4-180(c) of the 2014 Supplement to the General Statutes with respect to McCabe, and that the conclusions, as set forth in paragraph 1 of Section III of the Order and Notice, shall constitute conclusions of law within the meaning of Section 4-180(c) of the 2014 Supplement to the General Statutes and Section 36a-1-52 of the Regulations of Connecticut State Agencies with respect to McCabe.
The Commissioner finds that McCabe has engaged in acts or conduct which, pursuant to Sections 36a-671a(b) and 36a-52(a) of the Connecticut General Statutes, forms the basis to issue an order to cease and desist against McCabe, and, pursuant to Sections 36a-671a(b) and 36a-50(a) of the Connecticut General Statutes, forms the basis to impose a civil penalty upon McCabe.
The Commissioner finds that the Order and Notice was given in compliance with Section 36a-52(a), subsections (a) and (c) of Section 36a-50 and Section 4-177 of the Connecticut General Statutes.
Having read the record, I HEREBY ORDER, pursuant to Sections 36a-671a(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes that:
Law Offices of Timothy McCabe, P.A. CEASE AND DESIST from violating Section 36a -671(b) of the Connecticut General Statutes;
A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon Law Offices of Timothy McCabe, P.A., 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
This Order shall become effective when mailed. – Source
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