first_imgThe following statement is being issued today by Vermont Attorney General William H Sorrell and the Mortgage Foreclosure Multistate Group:”It has recently come to light that a number of mortgage loan servicers havesubmitted affidavits or signed other documents in support of either ajudicial or non-judicial foreclosure that appear to have procedural defects.In particular, it appears affidavits and other documents have been signed bypersons who did not have personal knowledge of the facts asserted in thedocuments. In addition, it appears that many affidavits were signed outsideof the presence of a notary public, contrary to state law. This process ofsigning documents without confirming their accuracy has come to beknown as “robo-signing.” We believe such a process may constitute adeceptive act and/or an unfair practice or otherwise violate state laws.In order to handle this issue in the most efficient and consistent mannerpossible, the states have formed a bi-partisan multistate group to addressissues common to a large number of states. The group is comprised of bothstate Attorneys General and the state bank and mortgage regulators.”Currently 49 state Attorneys General have joined this coordinatedmultistate effort. State bank and mortgage regulators are participating bothindividually and through their Multistate Mortgage Committee, whichrepresents mortgage regulators from all 50 states. Through this process, thestates will attempt to speak with one voice to the greatest extent possible.”At the end of this statement is a list of the participating states.Our multistate group has begun inquiring whether or not individualmortgage servicers have improperly submitted affidavits or otherdocuments in support of foreclosures in our states. The facts uncovered inour review will dictate the scope of our inquiry.”The Executive Committeeis comprised of the following Attorneys General Offices: Arizona,California, Colorado, Connecticut, Florida, Illinois, Iowa, New York, NorthCarolina, Ohio, Texas, and Washington; and the following state bankingregulators: Maryland Office of the Commissioner of Financial Regulation,New York State Banking Department, and the Pennsylvania Department ofBanking.”Source: Vermont AG. 10.12.2010.Participating Attorneys GeneralAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaii Department of the Attorney General / Hawaii Office of Consumer ProtectionIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingParticipating State Bank and Mortgage RegulatorsArizona Department of Financial InstitutionsArkansas Securities DepartmentConnecticut Department of BankingD.C. Department of Insurance Securities and BankingFlorida Office of Financial RegulationIdaho Department of FinanceIllinois Secretary of Financial and Professional RegulationIndiana Department of Financial InstitutionsIowa Division of BankingKentucky Department of Financial InstitutionsLouisiana Office of Financial InstitutionsMaine Bureau of Consumer Credit ProtectionMaine Bureau of Financial InstitutionsMaryland Office of the Commissioner of Financial RegulationDivision of Banks, Commonwealth of MassachusettsMichigan Office of Financial & Insurance RegulationMinnesota Department of CommerceMississippi Department of Banking and Consumer FinanceMontana Division of Banking and Financial InstitutionsNebraska Department of Banking and FinanceNevada Financial Institutions Division and Mortgage Lending DivisionNew Hampshire Banking DepartmentNew Jersey Department of Banking & Insurance – Office of Consumer FinanceNew York State Banking DepartmentNorth Carolina Commissioner of BanksNorth Dakota Department of Financial InstitutionsOhio Division of Financial InstitutionsOregon Department of Consumer and Business Services – Division of Financeand Corporate SecuritiesPennsylvania Department of BankingRhode Island Department of Business Regulation – Division of BankingSouth Carolina Department of Consumer Affairs Tennessee Department ofFinancial Institutions Texas Department of BankingTexas Finance Commission and Consumer Credit Commissioner VermontDepartment of Banking, Insurance, Securities and Health CareAdministrationWashington State Department of Financial InstitutionsWest Virginia Division of Banking WisconsinDepartment of Banking Wyoming Division of Bankinglast_img read more