The state of Washington's Department of Financial Institutions (DFI) has ordered "Home Credit Law Center" - a California-based mortgage loan modification company - to stop operating in the state.
Authorities said the company, operated by two Los Angeles men, was offering loan-modication services to homeowners facing foreclosure for a $3,000 fee but was not licensed to practice business or law in the state.
"We offered [Brian Linnekens, Home Credit Law Center's president] the opportunity to voluntarily cease and desist, but he refused," Deb Bortner, DFI's director of consumer services, said in a statement Monday.
"After a quick but thorough investigation, we concluded that Home Credit Law Center posed a continuing threat to Washington consumers, and we have shut them down."
Linnekens could not be reached for comment.
