Nationwide Title Clearing Settles ‘Robo-Signing’ Suit in Illinois for $350,000


Nationwide Title Clearing settles ‘robo-signing’ suit in Illinois

Illinois and Nationwide Title Clearing Inc., have entered into a consent decree that dismisses a lawsuit filed against the company last year, alleging it filed faulty mortgage documents with county recorders.

The case, filed by the Illinois Attorney General’s office in Cook County Court in February 2012, alleged that the Florida-based company “robo-signed” documents without review, violating state consumer protection laws.

The agreement stipulates that Nationwide will pay the attorney general’s office $350,000 and will not process certain documents without performing detailed review by the person signing them.

It also will establish and maintain a toll-free hotline for consumers who have questions about documents handled by the company, and will maintain a log of those calls for at least 24 months.

More here…


5 Responses to “Nationwide Title Clearing Settles ‘Robo-Signing’ Suit in Illinois for $350,000”
  1. BOBBI SWANN says:

    Remember, this is not a lawsuit filed by an individual—it was filed by the county. Typical political B.S.

  2. stripes says:

    A slap on the wrist for the agents of AIG who have counterfeited, forged and defrauded every American of innumerable amounts of money. Shame on law enforcement in this country.

  3. Fury says:

    probably at least 100 times that figure in Illinois alone.

  4. Bill says:

    Nationwide Title Magically became “My” Title Company before losing my Condo in Arizona. So, this is a much broader issue than being acknowledged in my opinion. Seems like it ought to involve a lot more money than this.

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