Mutual of Omaha Bank and sub pay flood penalty
Omaha, NE
Fine Amount:
$98,415
Penalty Type:
Issued by:
The OCC has issued a Consent Order for the payment of a civil money penalty of $98,415, in the matter of Synergy One Lending, Inc., San Diego, California, an operating subsidiary of Mutual of Omaha Bank, Omaha, Nebraska, for a pattern or practice of violation of the Flood Disaster Protection Act and its implementing regulations, specifically 12 U.S.C sections:
- 22.3 ((Requirement to purchase flood insurance were available)
- 22.9 (Notice of special flood hazards and availability of Federal disaster relief assistance)
- 22.10 (Notice of servicer's identity)
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