Law topic
Government agency
Primary source type
Issued:
Date
2022
Description
This is a 2022 complaint brought by the Florida AG in a Florida state trial court suit against MV Realty alleging UDAP and FTC Telemarketing Sales Rule violations and seeking injunctive relief. MV Realty's home equity scheme involved recording a lien on a home that allegedly secures a future contract to act as the homeowner’s realtor. The homeowner receives a small up-front payment in consideration for signing the contract, and if they fail to use this company as their realtor for any sale or transfer in the next forty years, a termination fee is charged of roughly ten times the up-front payment.
