Ohio settles court case against New Century lender
November 28th, 2008
Ohio has settled its lawsuit against bankrupt subprime lender New Century Financial Corp., more than a year after going to court to block the company from foreclosing on homes, evicting homeowners or making further loans.
The agreement Ohio negotiated with the company permanently extends those protections to consumers, state Attorney General Nancy H. Rogers said in announcing the deal Wednesday, Nov. 26. The company also promised not to violate Ohio’s consumer protection and mortgage laws, Rogers said.
