Utah-Based Lenders

CO 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$5 million

Outcome

Utah-Based Lenders Agree to Pay Nearly $10 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

Details

Utah-Based Lenders — DOJ Enforcement (2016)

DOJ took enforcement action against Utah-Based Lenders in CO in 2016 involving false claims act violations in the Community Banks / Credit Unions sector.

Penalty: $5 million

Violation types: False Claims Act
Entity type: Financial Institution
Penalty type: Settlement
Location: CO

Source: DOJ Press Release — Utah-Based Lenders Agree to Pay Nearly $10 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

How Crucible Prevents This

Crucible's billing compliance controls enforce documentation-to-claims reconciliation and flag billing anomalies before false claims are submitted.

Source: DOJ Press Release — Utah-Based Lenders Agree to Pay Nearly $10 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

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