Attorney General Frosh Announces Settlement with Caliber Homes; Mortgage Lender Agrees to Pay $250,000 Penalty

Per the Maryland State’s Attorney’s Office: Maryland Attorney General Brian E. Frosh today announced his Consumer Protection Division has reached a settlement with mortgage lender Caliber Homes, Inc. concerning its advertising practices. Caliber was accused of sending mailers to approximately 220,000 Maryland consumers between May 2019 through March 2021 that deceptively displayed on the mailer’s envelope the name and address of the consumers’ original mortgage, creating the appearance that the mailer was sent from the consumer’s mortgage company when the true sender was Caliber.  Lenders licensed in Maryland are prohibited from advertising under any name or address that is not their own. Although Caliber denied any wrongdoing, it agreed to pay the Attorney General’s Office a $250,000 penalty.

“Today’s settlement sends a strong message to lenders who engage in illegal advertising: it must stop,” said Attorney General Frosh. “Consumers should not have to navigate through their mail to determine who their real lender is when they are considering responding to a loan offer.” Today’s settlement also includes an injunction that requires Caliber to not advertise loans to consumers in any way that is misleading, including prohibiting it from sending advertising with
the name of the consumers’ lenders.

Consumers with concerns about their lenders can call the Consumer Protection Division at 410-528-8662. They can also file complaints with the Commissioner of Financial Regulation within the Department of Labor.
https://www.marylandattorneygeneral.gov/press/2022/122122.pdf

Recent Stories

AT&T’s network has been down for many of its customers across the country, including locally here in the DC Metropolitan Area on Thursday morning. The outage does not allow for…

The Wheaton Arts Parade is accepting submissions for this year’s poster contest. The 8th Annual Wheaton Arts Parade & Festival takes place on Sunday, September 29, 2024.

The Montgomery County Public Libraries (MCPL) MoComCon, which was originally scheduled for Saturday, Jan. 20, will take place on Saturday, March 2 in Germantown.

On Wednesday, Governor Wes Moore announced $10 million for small business and community development grants through the Maryland Department of Housing and Community Development’s Project Restore 2.0 and Business Boost…

AC Milan Soccer Camp at Maryland Soccerplex

AC Milan Academy is hosting a soccer camp at Maryland Soccerplex from March 1st through March 3rd for girls and boys aged 5 to 16 from any club who want to develop their soccer skills and learn the unique methodology of AC Milan directly from AC Milan coaches.

March 1st (Friday) 6pm-7:30pm

March 2nd (Saturday) 6pm-7:30pm

March 3rd (Sunday) 10:30am -12pm and 3:30pm-5pm

Location:18031 Central Park Cir, Boyds, MD 20841

Price: $349 + AC Milan Junior Camp Kit

×

Subscribe to our mailing list