Wednesday, April 24, 2013
An Illinois Hearing Board has recommended a six-month suspension of an attorney who engaged in an improper loan modification business with non-lawyers.
The committee explained its rationale for the sanction:
Having reviewed the...cases and given some consideration to the length of the improper business association with non-lawyers, the number of clients served, whether additional misconduct was present and mitigating circumstances, we conclude that a suspension of six months is appropriate and within the range of discipline imposed in similar cases. Respondent's conduct was serious and continued for more than eighteen months but the mitigating circumstances, and in particular the celerity with which he dissolved his company and assisted his clients, weigh in his favor. We believe a moderate suspension will serve the purposes of the disciplinary process and alert other attorneys to proceed with particular care in areas, such as loan modifications, that generate a sudden influx of clients and are fraught with potential abuse.