Judge fines Bank of America $220K for repeated violations in Florida's homeowners' bankruptcy case

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Judge fines Bank of America $220K for repeated violations in Florida’s homeowners’ bankruptcy case

Judge fines Bank of America $220K for repeated violations in Florida’s homeowners’ bankruptcy case

Orlando Sentinel-

A federal bankruptcy judge in Orlando has slapped Bank of America Corp. with a $220,000 sanction — one of the largest fines on record in the local court — for ignoring the judge’s orders and refusing an Orange County couple’s court-approved mortgage-loan modification.

U.S. Bankruptcy Judge Karen Jennemann sanctioned the giant bank earlier this month after it failed to appear at a series of hearings but continued trying to collect unauthorized mortgage payments from the homeowners, according to a court filing.

The judge ruled March 5 that Bank of America had 30 days in which to pay the fine — or the couple’s mortgage debt, which totals about $223,000, will be “deemed fully satisfied.”

[ORLANDO SENTINEL]

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