AG, Law Firm Reach Settlement Over Mortgage Help Radio Ad

August 13, 2013
Albuquerque Business First 
mortgage lending news

The office of New Mexico Attorney General Gary King has reached a settlement with California-based Granite Law over allegedly deceptive advertising. Without admitting any wrongdoing, Granite Law agreed to cease its “National Mortgage Helpline” ads on New Mexico radio stations. The on-air promotions offered mortgage help but did not include any notice that it was attorney advertising. King pointed out that it is generally unlawful for any firm to accept an upfront fee for mortgage relief such as loan modification services. Under the settlement terms, Granite paid $25,000 and agreed to stop advertising in New Mexico for a minimum of three years.
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