VA Home Loan Servicer Village Capital to Pay Over $500,000 for Violating Servicemembers’ Rights
LAS VEGAS — The Justice Department today announced that Village Capital & Investment LLC, a servicer of home loans guaranteed by the Department of Veterans Affairs, will pay over $500,000 to resolve allegations that it failed to properly apply Servicemembers Civil Relief Act (SCRA) interest rate benefits to at least 41 servicemembers’ mortgages and retaliated against servicemembers who requested interest rate...
What happened
LAS VEGAS — The Justice Department today announced that Village Capital & Investment LLC, a servicer of home loans guaranteed by the Department of Veterans Affairs, will pay over $500,000 to resolve allegations that it failed to properly apply Servicemembers Civil Relief Act (SCRA) interest rate benefits to at least 41 servicemembers’ mortgages and retaliated against servicemembers who requested interest rate...
Why it matters
The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.
Affected entities
View evidence
2 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%VA Home Loan Servicer Village Capital to Pay Over $500,000 for Violating Servicemembers’ Rights ↗
- U.S. Department of JusticePrimary source · Supports · EN · 80%VA Home Loan Servicer Village Capital to Pay Over $500,000 for Violating Servicemembers’ Rights ↗
Claims
- VA Home Loan Servicer Village Capital to Pay Over $500,000 for Violating Servicemembers’ Rights Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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