Date: 09-02-2004

Case Style: State of Michigan v. Fairbanks Capital Corporation

Case Number: Unknown

Judge: Unknown

Court: Ingham County, Michigan

Plaintiff's Attorney: Unknown

Defendant's Attorney: Unknown

Description:

The Michigan Office of Financial and Insurance Services claimed that Utah-based Fairbanks Capital Corp. failed to properly administer escrow accounts, illegally assessed fees for releasing borrowers from mortgages that were paid off and improperly assessed fees on delinquent accounts.

Fairbanks denied any wrongdoing.

Outcome: Settled for $900,000.00.

Plaintiff's Experts: Unknown

Defendant's Experts: Unknown

Comments: None