Loan Options and Seller Financing

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CFPB Penalties

RESCISSION

  • Refund of all money paid and/or return property
  • Disgorgement or compensation for unjust enrichment
  • Pay damages
  • Public notification regarding the violation
  • Limits on the activities or function of the individual or company

PLUS CIVIL PENALTIES

  • $5000 Each day for violation
  • $25,000 Each day if reckless
  • $1 Million a day and pay for any violation knowingly committed

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Pat Billheimer, NMLS #1172852
LO #092673
AZ License #MB-0903024
3850 E Baseline Rd #115
Mesa, AZ 85206

Phone: 866-229-1418
Cell: 480-878-3633
Efax: 480-800-6547
Email: pat@RER-online.com

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