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June 22, 2017

Posted  June 22, 2017

New Jersey announced that a Georgia financing company will change its business practices, make a $100,000 payment, and provide an additional $60,000 to consumers, to settle the Division’s investigation into point-of-sale home improvement loans the company arranged for New Jersey consumers. GreenSky Servicing LLC (“GreenSky”), which arranges on-the-spot financing for home improvements through its participating contractors, agreed to the settlement terms in an Assurance of Voluntary Compliance (“AVC”) that resolves the investigation into whether the company’s lending program violated New Jersey’s consumer protection laws. NJ