Nevada State Commissioner of Mortgage Lending, Hon. Joseph L. Waltuch will
speak at the Congress of Racial Equality’s (CORE) Financial Literacy
CORE will hold the first of their Free Monthly Financial Literacy Seminars on
Tuesday, March 31st 7:30 PM at the Texas Station Dallas
Conference Center in Las Vegas, NV.
This month’s seminar will cover Foreclosure and Loan Modification. Opening
remarks will be given by Elisabeth Shurtleff, Chairperson of the Fight Fraud
Taskforce. They have created an extremely comprehensive website
http://fightfraud.nv.gov to educate
consumers about fraud and teach them how to protect themselves.
Shurtleff will then introduce, the Hon. Joseph L. Waltuch, Nevada’s
Commissioner of the Division of Mortgage Lending in the Department of
Business and Industry. With over 20 years of experience in the financial
services industry, Waltuch will teach attendees how to avoid being taken in
by the scam artists that are plaguing our state.
“We chose to address this issue at the seminar because home owners, in
particular in North Las Vegas, are being scammed every day. Many people are
not aware that loan modification companies and foreclosure consultants are
currently unregulated in the State of Nevada. This means that anyone can
fool home owners into believing they are experts with solutions to home
foreclosures,” said Connie Miranda, Director of CORE’s Western Region. “Many
of the home loan scams end with the home owner losing all of their equity.”
“The State Legislature Assembly Bill 152 is currently being debated. If
passed, the legislation will clarify the term loan modification and will
regulate and license loan modification companies. In the meantime, it is
crucial that home owners make every attempt to work directly with their
lenders or go directly to a HUD approved nonprofit counselors,” continued
“Considering the current state of our economy was precipitated by the mortgage
crisis, CORE feels that financial literacy, choice & awareness are critical
for all Americans and without them they can not fully enjoy all of the
blessings of our country,” stated Niger Innis, CORE’s National Spokesman.
“We are very happy to bring our Financial Literacy Choice & Awareness
campaign to the great state of Nevada. Our monthly seminars and workshops
will be free to the public and crucial to solving the poverty of information
that surrounds the financial world.”
CORE’s Financial Literacy, Choice & Awareness Campaign (FLCA) is nationwide
and will be hosting similar seminars in various states throughout the year.