The Federal Trade Commission (“FTC”) celebrated the 10th anniversary of the National Do Not Call Registry on June 27, 2013 with an announcement that a leading home refinancer, targeting veterans, has agreed to a settlement and will pay the largest civil penalty it has ever collected for alleged violations of the Do Not Call provisions of the Telemarketing Sales Rule.
The FTC said Mortgage Investors Corp. of Ohio, Inc., which also operates as AmeriGroup Mortgage Corp., Veterans Information Department and Veterans Home Loans, were charged with false and misleading acts or practices in violation of Section 5 of the FTC Act and the Mortgage Acts and Practices-Advertising Rule (“MAP Rule”). They will pay a $7.5 million civil penalty for alleged illegal telephone calls and deceptive advertising.
The FTC’s $7.5 M Do-Not-Call Settlement
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