CFPB: Florida Developer Mislead Home-Buyers, Company Failed to Maintain Roads
A Florida-based developer will be required to uphold its end of a road maintenance agreement following actions by a federal regulator.
The Consumer Financial Protection Bureau (CFPB) took action against International Land Consultants for misrepresenting that it would maintain the roads in the development until they were taken over by the county.
The company, and several associated individuals, developed and sold lots in Hawks Bluff, a subdivision in Tennessee between 2004 and 2008. The company violated the Interstate Land Sales Disclosure Act by, among other things, misrepresenting in marketing materials and Housing and Urban Development-registered Property Reports that they would maintain the roads until they were accepted by Van Buren County, Tennessee. In fact, the roads have not been maintained, and have not been accepted by the county.
The company and individuals have admitted liability for their conduct.
Under the terms of today's order, they will be required to repair certain roads in the development to the CFPB's satisfaction and consistent with an engineering report to be prepared by an independent consultant.
A copy of the order can be found here.
You can Buy A Car At the Dealership Like A Pro. Here's How You Can Be Prepared.
So you're finally ready to trade in your current car for a new one! Congratulations on such an important step. If you've never bought a new car before, you may know nothing about the process. To begin with, there are a number of things you should do to get ready to buy the car before you ever step on the dealership lot.
Can you Use Money That Is Mistakenly Deposited Into Your Account?
Have you ever noticed that your bank account somehow had 'extra' money in it even though you knew for a fact it wasn't yours? If so, you are not alone. It happens more often than you would think. All it takes is for a bank teller to type in one wrong number at the time a deposit is being made.
Low Interest Automotive Financing Might Not Be Best Deal After All
Great rates do exist. But even if you are offered a low interest car loan, you can probably save more money by accepting a slightly higher rate and using rebates or other incentives or by getting your own financing and taking the rebates and incentives.
Following These Tips Can Help You Save Your Hard-Earned Money at Tax Time
Many people feel like they just can't get ahead when it comes to money. What you may not know is that saving during tax season can start you on the path to financial security. We urge you to take advantage of tax season to prepare for unexpected emergencies or plan for the future. Here are some tips to help get started.