Professional Documents
Culture Documents
1 WILLARD K. TOM
General Counsel Gil n
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LUCY E. MORRIS -1;-'" c:-..;,
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LYNETTE HOTCHKISS ("!")r-
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5 Federal Trade Commission
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600 Pennsylvania Avenue, N.W.
6 Washington, D.C. 20580
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5 follows:
6 Findings
9 California is proper.
11 granted against Defendants under Sections 5(a) and 13(b) of the FTC
15 § 44.
24 Defendants waive any right that may arise under the Equal Access to
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 3 of 25
3 Defini tions
5 apply:
21 U.S.C. §§ 1301-1330;
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 4 of 25
5 Loans, Inc. and its successors and assigns, by whatever names they
10 rights under the security instrument, for which the Loan account is
16 services);
19 combination;
21 C.F.R. § 3500.17;
23 C.F.R. § 3500.17;
24 12. "FTC Act" shall mean the Federal Trade Commission Act, 15
25 U.S.C. §§ 41-58;
26 13. "Fees" shall mean all fees and charges, including but not
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 5 of 25
9 Loan;
11 payment a consumer must make under the Loan Instruments to repay the
22 the terms of the Loan. "Servicing" shall also include any related
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 6 of 25
3 INJUNCTIVE RELIEF
5 I.
13 Bankruptcy, from:
20 permitted by law;
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 7 of 25
5 representation is true.
6 II.
21 consent is obtained from the consumer to pay the Fee in exchange for
22 the service, and such Fee is not otherwise prohibited by law or the
23 Loan Instruments.
24 III.
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 8 of 25
7 actually performed.
8 IV.
18 and III of this Order and the amount of the Fee does not exceed the
19 lesser of (1) any Fee limitation or allowable amount for the service
23 Loan or the government agency insuring the Loan (for all other
25 guidelines shall apply), and (3) the market rate for the service.
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 9 of 25
3 results.
4 v.
5 IT IS FURTHER ORDERED that, within one-hundred fifty (150) days
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2 providers; and
7 VI.
8 IT IS FURTHER ORDERED that, for eight (8) years after the date
24 VII.
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13 VIII.
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5 a description of each Fee, and the date that each Fee was
6 assessed;
19 IX.
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10 Chapter 13 Bankruptcy.
11 x.
12 IT IS FURTHER ORDERED that Defendants, their officers,
18 connection with the Servicing of any Loan that incurred any Fee,
22 stay or, if relief from stay is not sought or granted, after the
27 Order.
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 14 of 25
2 XI.
5 ninety (90) days after the date of entry of this Order, establish
13 include:
25 XII.
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 15 of 25
2 after the date of entry of the Order, and biennially thereafter for
6 reporting period;
21 Monetary Relief
22 XIII.
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23 continues for ten (10) days beyond the due date of the
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9 otherwise.
21 Data
22 XIV.
25 redress under Section XIII above, the Defendants shall provide the
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4 Compliance Monitoring
5 XV.
16 operation;
21 Fed. R. Civ. P. 30, 31, 33, 34, 36, 45 and 69; and
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11 Compliance Reporting
12 XVI.
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11 to:
14 "Distribution of Order;"
16 A of this Section.
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9 Recordkeepinq
10 XVII.
14 Loan, from failing to create and retain, for a period of three (3)
16 records:
25 upon which the Person commenced work; and the date and
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17 Distribution of Order
18 XVIII.
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8 structure.
14 XIX.
20 XX.
24
25 IT IS SO ORDERED.
26 A
27 DATED: (p Jrrf (J
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6 WILLARD K. TOM
General Counsel
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9 LUCY E. ORRIS
HEATHER ALLEN
10 LYNETTE HOTCHKISS
lmorris@ftc.govj hallen@ftc.govj lhotchkiss@ftc.gov
11 Federal Trade Commission
600 Pennsylvania Avenue
12 Washington, D.C. 20580
Tel: (202) 326-3224
13 Fax: (202) 326-3768
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DATED: ~\A." «.. +- , 2010
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Case 2:10-cv-04193-JFW -SS Document 6 Filed 06/15/10 Page 25 of 25
1 DEFENDANTS
3 FOR DEFENDANTS COUNTRYWIDE HOME LOANS, INC. AND BAC HOME LOANS
SERVICING LP
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Timothy S. Huval
7 Senior Vice President
Home Loans Servicing Executive
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9 DATED: ~~~---~~7----3_~---, 2010
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13 PETER TODARO, ESQ.
BRANDT LEIBE, ESQ.
14 King & Spalding LLP
1700 Pennsylvania Avenue, NW, Suite 200
15 Washington, DC 20006-4706
Tel: (202) 626-2626
16 Fax: (202) 626-3737
jspigel@kslaw.com
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Attorney for Defendants
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DATED: blAY 1'/ , 2010
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