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Q: Which agency should you contact when you have a problem with a locally owned business in your town?
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What federal agency takes complaints regarding poor lender practices?

This depends on a lot of things. If the loan officer did a bad job, contact a supervisor. If bad business was the problem, contact the better business bureau. Your state most likely has a regulatory agency if the lender was a broker. do a search for "your state name" and "loan officer licensing". This search should reveal the regulating agency for your state. Finally, if fraud was involved you can contact the FBI in your area. They regulate these types of mortgage crimes.


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