Twenty-six loan modification firms in Nevada have been told to cease operations by state regulators.
The Nevada Division of Mortgage Lending the regulatory entity which oversees the Loan Modification companies says the 26 companies have failed to obtain a $75,000 bond required under a new state law.
Regulators on Monday said the companies have 10 days to cancel contracts with homeowners and refund money paid for work not performed.
JnR Associates was licensed and bonded prior to the bonding requirements set forth by the Mortgage Lending Division. We currently hold two bonds one for $100,000 bond # #FSI375254 and the required $75,000 bond #BUIFSU0509623
We have been ahead of the licensing requirements since our entering into the Loan Modification Business. With over 20 years experience in lending, banking, and now Loan Modifications JnR Associates had the foresight to obtain bonding and licensing prior to and Loan Modification work began. We are a business focused on the consumer, and we want to ensure our customers feel safe and protected while using our services.
Any person who had unfortunately done business with any of the Loan Modification companies who were forced to shut down due to their illegal and unethical practices, JnR Associates will offer the following as a way to help out the victims of these malicious companies. JnR Associates will credit up to $1,000 of any monies paid and not refunded by any of these closed down Loan Modification Companies. Just simply bring us the paperwork you have provided them with and we will upon our prequalification guidelines take it from there.
Please contact us at
775-657-9222
Eighteen other firms are being allowed to operate while their licenses are being processed.
Posted by jnrassociates 
