The State of Connecticut has flexed its muscle against New Jersey attorney Filipe Pedroso and Pedroso Legal Services for providing loan modification assistance.
The State says Pedroso is a licensed attorney in New Jersey but not in Connecticut.
According to official documents, Pedrosa states he only assisted one Connecticut resident in 2014 but now faces having to pay $18,200 in refunds and fines.
Connecticut is like an elephant and never forgets.
Pedroso and the state came to an agreement over the issue.
1. Legal Services and Pedroso shall cease and desist from engaging or offering to engage in debt negotiation in this state without obtaining the required license, in violation of Section 36a-671(b) of the Connecticut General Statutes;
2. No later than the date this Consent Order is executed by Legal Services and Pedroso, Legal Services and Pedroso, jointly and severally, shall: (a) repay Eight Thousand Two Hundred Dollars ($8,200) by cashier’s check, certified check or money order to the individual identified in Exhibit A attached hereto and (b) send such repayment to Carmine Costa, Director, Consumer Credit Division, Department of Banking, 260 Constitution Plaza, Hartford, Connecticut 06103-1800; and
3. Legal Services and Pedroso, jointly and severally, shall remit to the Department of Banking by electronic funds transfer, cashier’s check, certified check or money order made payable to “Treasurer, State of Connecticut”, the sum of Ten Thousand Dollars ($10,000) as a civil penalty in twenty (20) monthly installments of Five Hundred Dollars ($500). The first payment shall be due no later than the date this Consent Order is executed by Respondents, and all following payments shall be due on the first of each month, beginning on June 1, 2021 and ending on December 1, 2022. – Source
If you have money, credit, or debt questions you’d like to ask the Get Out of Debt Guy, click here.