Mortgage Broker completes refinance of Homeowner’s home to Homeowner’s surprise.
A mortgage broker forged a homeowner’s signature and refinanced his home loan without his knowledge.
A consumer attorney filed a Missouri Merchandising Practices Act lawsuit and a Judge awarded him actual and punitive damages following a trial. The Judge’s decision was upheld when the mortgage broker appealed the verdict against him.
This homeowner’s claims would not be possible if SB5 becomes law.