NTC thermistors for temperature measurement Leaded NTC, lead ...
NTC Decree
-
Upload
salvarez62 -
Category
Documents
-
view
223 -
download
0
Transcript of NTC Decree
-
8/9/2019 NTC Decree
1/9
IN T HE C IR CU IT
COURT
OF
COOK
COUNTY,
ILLINOIS
COUNTY DEPARTMENT, CHANCERY
DIVISION
THE
PEOPLE
OF THE STATE OF
ILLINOIS,
Plaintiff,
Case
No.
12 CH 03602
V.
NATIONWIDE
TITLE
CLEARING,
INC.,
a
Florida
corporation,
Defendant.
FINALCONSENT DECREE
I.
Plaintiff,
t h e P e o p le of t h e S t a t e of
Illinois,
b y Lisa M a d i g a n , Attorney
Genera l
of I l l inois, h a s
f i led
a compla in t (
the
Complaint )
fo r a permanent in junction
a n d
othe r relief in
th is m a tte r
pur suan t to th e Consume r F rau d and Decept ive Bu s ines s P ract ic es
Act(
Consumer
Fraud
Act ),
alleging tha t th e Defendant, Nationwide Title Clearing, Inc.
th e
Defenda n t ) v io la ted
th e
C on s um e r F r au d
A c t
and
th e
Uniform
Decep t i ve
Trade
P r a c t i c e s A ct in t h e
c o u r s e
of i t s b u s in e s s of c r e a t i n g , s i g n i n g , a n d r e c o r d i n g d o c u m e n t s
in
th e public
la n d r e co rd s sys tem
in Illinois on beh a l f of f i nanc ia l
ins t i tu t ions
or m o r t g a g e
se r v i c e r s within th e m o r tg a g e in d u s tr y .
2.
Pla in t i f f a n d Defendant,
by
the i r c o u n s e l , h a v e
a g r e e d
to t h e entry of th is Fina l
Consent
D e c r e e
by t h e Court,
without
t r ial
or adjudication
of a n y i s s u e of fact or law. This
Final
C o n s e n t D e c r e e
is
e n t e r e d
into
by
t h e
parties t o
promptly
a n d
completely
resolve
this
controversy
andavod
the
costsof
further
litigation.
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
2/9
3.
T h i s
F i n a l
C o n s e n t D e c r e e i s e n t e r e d i n to
o n l y
f o r t h e p u r p o s e o f
r e s o l v i n g
t h e
i s s u e s r a is e d in
th e C o m p l a i n t .
It d o e s n o t b i n d
a n y
o t h e r o f f i c e r s o r
a g e n c i e s
of
t h e
S t a t e
of
I l l i n o i s
n o r
d o e s
it
in
a n y
w a y r e s t r i c t
o r
a f f e c t
D e f e n d a n t
s
a b i l i t y
t o
d e f e n d
i t s e l f
a g a i n s t
a ny o th e r c la im s
b r o u g h t
b y a ny on e
n o t a p a r t y t o t h i s
l i t i g a t i o n . T h e I l l i n o i s A t t o r n e y
G e n e ra l h e re b y
r e l e a s e s
D e f e n d a n t of
a n y
c l a i m b a s e d o n f a c tu a l a l le g a t io n s of
th e
t y p e
d e s c r i b e d
in Plaintiffs
C o m p l a in t o c c u r r in g
p r i o r t o
th e
d a t e
of t h i s
C o n s e n t D e c r e e
u n d e r
t h e
Illinois
C o n s u m e r F r a u d A ct o r h e r c o m m o n l a w a u t h o r it y .
4.
n
cknwg
t
the mand
condtions
o
this
Defenda
Final
Consent
o
Defendant
has
further
understands
und
the legal obligations
imposed
upon
it
by
this
Final
t
Consent
led
and
understands
that
a
rstood
voation
ter
o
s
this Final
C o n s e n t
D e cre e m a y r e s u l t
in p r o ce e d in g s a g ain s t D e f e n d a n t ,
i n c l u d i n g a n a c t i o n
f o r
contempt
of
court.
NO ADMISSION OF LIABILITY
5.
Pla in t i f f
an d
Defendant c o n s e n t to this Final Consent Dec ree
without
a n
a d m i s s i o n of
l i a b i l i t y
o n
th e p a r t
of
th e
D e f e n d a n t . T h e
P l a i n t i f f a n d D e f e n d a n t a re
s e t t l i n g
t h i s
ma t t e r so a s to avo id th e r isks and
expenses
assoc ia ted with
f u r t h e r
litigation.
FINDINGS
6.
With
t h e
c o n s e n t of t h e
p a r t i e s a n d t h e C o u r t b e in g fully
a d v i s e d of t h e
m a t t e r ,
th e Court
h e r eb y
f inds as follows:
a
Th i s C ou rt has jur isd ict ion over
th e
subject mat te r
of th e
Compla in t f i l ed
he re i n
and over
th e
p a rtie s to
th is
F ina l Consent Dec ree .
b.
Th e Defendan t
h a s a t
a ll
t imes
re levant hereto, engaged in
trade
and
c o m m e r c e
within th e m e a n i n g of
th e
Sect ion 1
f)
of
th e
C on s um e r F r au d
2-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
3/9
A c t ,
8 1 5
I L C S 5 0 5 /
f ) ,
b y c re a t in g ,
s i g n i n g ,
a n d
r e c o r d i n g
d o c u m e n t s
in
county
recording offices
throughout Illinois.
NON-
MONETARY
TERMS
7.
O n t h e b as is of t h e s e f i n d i n g s a n d
f o r
th e
p u r p o s e
of e n t e r i n g t h i s
F i n a l
C o n s e n t D e c re e ,
I T
IS H E R E B Y O R D E R E D
t h a t D e f e n d a n t, i t s
a g e n t s , e m p l o y e e s , a n d a l l
persons or entities a s s o c i a t e d , affi l iated
or
connected
with Defendant,
and a n y s u c c e s s o r
corporation or b u s i n e s s
entity
s h a l l , a s of t h e effective d a t e of t h i s
Final
C o n s e n t D e c r e e ,
comply
with and r e m ain in c om p lia n ce with Section
2
t h e
Consumer
Fraud A ct
an d
Section
2 of t h e Uniform D e c e p t i v e
T r a d e P r a c tic e s Act.
S p e c i f i c a l l y ,
t h e D e f e n d a n t ,
i t s a g e n t s ,
emp loyees , and a ll persons
or
ent i t ies associated,
aff i l iated or connected with
Defendant , and
an y
s u c c e s s o r
corporation
or b u s i n e s s
entity
s h a l l
comply
with t h e fol lowing terms:
a . D e f e n d a n t s h a l l n o t s ig n a d o c u m e n t t h a t
is
r e c o r d e d in t h e c o u n t y
recording offices in Il l inois u n le s s t h e person signing t h e
document(
t h e
s ignatory )
has
pe r fo rmed a substant ive
r e v i ew
of th e i n fo rma t ion
c o n t a i n e d in t h e d o c u m e n t
t o e n s u r e
t h e
a c c u r a c y a n d validity
of t h a t
information. S u b s t a n t i v e
review m e a n s
t h a t t h e signatory m u s t r e a d ,
unders tand, and r e v i e w each
d o c um en t
to
be r eco rded .
D e f e n d a n t m u s t
train a n d supervise
e a c h
signatory to e n s u r e that
t h e
signatory i s
performing a subs tan t i ve review of e a c h d o c u m e n t in compliance with
this
subsection.
b . D e f e n d a n t s h a l l
e n s u r e
t h a t a f f i d a v i t s ( o r
a n y o t h e r
d o c u m e n t c o n t a i n i n g
sworn test imony )
executed
by t h e Defendant,
or executed
by
any pe rson
a t
3-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
4/9
th e direct ion
of th e Defendant ,
a r e b a s e d on
th e aff iant ' s
r ev iew and
persona
knowledge othe
accuracy
d
of
the assertions
in
th e
af f idav i ts .
Any
such
af f idav i t
sha l l
se t
forth
facts
th a t D e f e n da n t
reasonably
believes to
be
true, and
the
f f idavi t
must expla in w h y
th e
aff iant is c om p e te n t to test i fy on th e m a tte rs asserted in th e af f idav i t . Th e
a f f ian t s h a l l
confirm
t h a t th e a f f ian t h as r e v i e we d c o m p e t en t and
reliable
i n fo rmat ion to
substant iate th e
assert ions conta ined within
th e
a f f i dav i t .
c .
D o c u m e n t s p r e p a r e d for e l e c t r o n i c recording s h a l l
b e
electronically s i g n e d
by th e
signatory only after th e
signatory
h a s per formed the substantive
rev iew
descr ibed in
subsection( a )
above.
Electronical ly
recorded
d o c u m e n t s s h a l l
b e n o t a r iz e d b y t h e identified n o t a r y
only a f t e r performing
th e no ta r ia l acts
r equ i r ed
by
l aw .
Electronically
r e cor de d d oc um e n ts s h a ll
not be s igned or notar ized outs ide
of t h e p re se n ce ,
k now led ge and cont ro l
of th e
signatory or notary.
d. Documen ts
s igned
by s igna tor ies
at th e di rect ion of
th e D e fe n da nt fo r th e
purpose of r e co rda tion in I l l inois sh a ll a ccura te l y ident i fy th e s ignatory '
s
emp loye r ( e . g.,
e m p loy e d by
Nat ionwide Title Clear ing, Inc.)
and
indicate
t ha t
th e
s ignatory
h as
th e
qual i f ied
author i ty
to
s ign
on
b eha l f of
th e
financial institution or
mortgage
servicer.
e . Documents recorded by De fendan t sh a ll accurately re f lect th e n ature an d
substance
ofthe transaction.
f. ss i gnm en t s
into
a nd ou t of th e Mor tgage
E le c t r on i c R eg i s tr a t ion
Sys tems ,
Inc. (
MERS ) s h a l l
n ot
claim t h a t bo th
th e m o r tg a g e an d
note
h av e be en
4-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
5/9
a s s i g n e d w h e n , in f a c t ,
o n l y
t h e m o r t g a g e h a s b e e n t r a n s f e r r e d
by
t h e
assignment.
g .
D e f e n d a n t
s h a l l r e m e d i a t e
a n y
d o c u m e n t
in
I l l i n o i s
t h a t
is
f o u n d
b y
a
c o u r t
t o b e
a
cloud
o n
title
or otherwise unlawful. Defendant shall a l s o
r e m e d i a t e a n y d o c u m e n t w h e n
r e a s o n a b l y
n e c e s s a r y
t o
a s s i s t a n y p e rs o n o r
borrower, o r w h e n r e q u ir e d
b y
f e d e r a l ,
s t a t e , o r
l o c a l law. D e f e n d a n t s h a l l
estab l i sh ,
adve r t i s e
an d staff
a toll-
f r ee
t e l e p h o n e
hotline w h e r e Illinois
consume rs may
a s k questions
regarding
any
document
executed
by NTC,
including
b u t n o t l imited t o r e q u e s t s that
NTC
remediate a document.
NTC s h a l l e n s u r e
t h a t
t h e h o t l i n e
is
a d e q u a t e ly s ta f fe d
b y
c o m p e t e n t ,
t ra ined
employees . For a per iod
of
twen t y -
four
months NTC shal l
mainta in
a log
of
calls and
r e s p o n s e s ,
inc lud ing th e consumer ' s name,
contact information,
and
a descr ipt ion
of th e question
or
request and
NTC'
s
r e s p o n s e . N T C
s h a l l
k e e p th e s a m e
t y p e of
l o g f o r a n y
c o n s u m e r
commu n i ca t i on subm i t ted to NTC by any o t h e r form or
m a n n e r .
NTC
sha l l
provide
a n up -
to -
date log u pon
request
a t a ny
t ime by
th e
I l l inois
At to rney Genera l '
s
Off ice . A f t e r conclusion of th e 24 - month
period,
th e
pa r t i e s
s h a l l con fe r ,
and
th e
Attorney
G e n e ra l s h all m a ke
a
r easonab l e
determinat ion
a s
to wh e th e r
th e
Defendan t shal l continue to mainta in th e
hot l ine and logs desc ribed in t h is pa rag raph fo r a per iod of no longe r t h an
twelve additional months.
5-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
6/9
PAYMENT
8.
D e f e n d a n t s h a l l
p a y
t h e
Plaint i f f
t h r e e h u n d r e d fifty t h o u s a n d
dollars
3 5 0 , 0 0 0 ) .
U p o n e n t r y
of t h i s
F i n a l
C o n s e n t
D e c r e e ,
p a y m e n t
of
t h is a m o u n t
s h a l l b e
t e n d e r e d t o Plaintiff in
t h e
f o r m of a c a s h i e r s o r c e r t i f i e d
c h e c k .
T h e a m o u n t p a i d to
t h e
t t e of
I l l i n o i s
u n d e r
t h i s
s e c tio n s h a ll b e d e p o s i t e d
i n t o
t h e A t t o r n e y G e n e r a l
S t a t e
P r o j e c t s
a n d C o u r t
O r d e r e d
D i s t r i b u t i o n
F u n d .
P a y m e n t is n o t a n d s h a l l n o t b e c o n s t r u e d a s a n
a d m i s s i o n
of liability o n th e
p a r t
of
t h e
D e f e n d a n t . T h e
D e f e n d a n t s h a l l
n o t
b e
e n t it le d t o
further account ing regarding
t h e
m o n e y d e p o s it e d in to
s a i d fund.
JURISDICTION RETAINED
9.
J u r i s d i c t i o n is
e x p r e s s l y
r e t a i n e d
b y t h i s C o u r t
f o r th e
p u r p o s e
of
e n f o r c i n g
compliance
with the
provisions
of
this
Final Consent
Decree.
10.
This is a f i n a l o r d e r a n d n o
j u s t
r e a s o n e x is ts t o d e la y
e n f o r c e m e n t .
APPROVED:
PLAINTIFF:
DEFENDANT:
THE
PEOPLE
OF THE
STATE
OF
NATIONWIDE TITLE
ILLINOIS,
by
LISA MADIGAN,
CLEARING,
INC., a Florida
Attorney
General
o
Illinois
corporation
BY:
Susa
llis, Chief
John Hillman
Consumer
Fraud
Bureau
Chief Executive
Officer
DATE: /
e:/-
3
DATE:
r o
J
c I
Z
c
j
BY:
BY:
Andrew
Doughe
David Chizewer
6-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
7/9
Assistant
Attorney
General
Attorney
for Defendant
DATE:
1 0 1
2-'
4 (
DATE:
ENTERED:
JUDGE
Attorney No. 99000
LISA MADIGAN
ILLINOIS ATTORNEY GENERAL
Susan Ellis, Chief
Consumer Fraud Bureau
A n d r e w Dough e r t y
A s s i s t a n t Attorney
G e n e r a l
Consumer Fraud Bureau
100 West Randolph, 12th Floor
Chicago, Illinois 60601
Tel.: (312) 814-
4982
7-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
8/9
PAYMENT
8.
Defendant
s hall pay t h e Plainti f f t h r e e hundred f ifty thousand
dollars
3 5 0 , 0 0 0 ) .
Upon
entry of
this Final
C o n s e n t D e c r e e , payment of this
amount
shal l
b e
t en de r ed to
Pla in t i f f
in th e form
of
a cash ier '
s
or cert i f ied check. The
amount
p aid to th e
S t a t e
of Illinois u n d e r
t h i s s e c t i o n s h a l l
b e
d e p o s i t e d
i n t o t h e
A t t o r n e y
G e n e r a l
S t a t e P r o j e c t s
an d Court Ordered Distr ibution Fund. Payment is not an d shal l not
b e
construed a s
a n
admiss ion of liability
on
th e par t of th e Defendant .
Th e
Defendan t sha l l n ot
be
ent i t led to
f u r t he r accoun t ing r ega rd ing th e
money
deposi ted into said fund .
JURISDICTIONRETAINED
9.
Jurisdiction
is
express ly re tained by
this
Court fo r t h e purpose ofenforcing
compliance
with the provisions of this Final Consent
Decree.
10.
This is
a
f ina l order
an d
n o
just
reason
e xis ts to d ela y enforcement .
APPROVED:
PLAINTIFF:
DEFENDANT:
THE PEOPLE
OF
THE
STATE
OF
NATIONWIDE TITLE
ILLINOIS,
by
LISA
MADIGAN,
CLEARING, INC., a
Florida
Attorney
General o
Illinois
corporation
BY:
BY:
Susan
Ellis,
Chief
John Hillman
Consumer
Fraud
Bureau
ChiefExecutive
Officer
DATE: DATE: (
a/
t
Szo
f3
BY:
BY:
Andrew
Dougherty
i Chizewer
6-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M
-
8/9/2019 NTC Decree
9/9
Assistant
Attorney
General
Attorney for
Defendant
DATE:
DATE:
70/?/
3
ENTERED:
t' .
1 3
JUDGE
c , ;\
ovallo';
of
R G [
U.)
OF
0:
r
o
r
C
E0
OAP
Attorney
No.
99000
LISA
MADIGAN
ILLINOIS
ATTORNEY GENERAL
Susan Ellis,
Chief
Consumer Fraud Bureau
A n d r e w D o u g h e r t y
A s s i s t a n t Attorney G e n e r a l
Consumer
Fraud
Bureau
100 West Randolph, 126 Floor
Chicago, Illinois 60601
Tel.: (312) 814-
4982
7-
w
w
w
ST
O
P
F
O
R
E
C
L
O
S
U
RE
F
R
U
D
C
O
M