Kentucky AG Beshear reaches $2.8M settlement with national mortgage recording company

Kentucky Attorney General Andy Beshear said Tuesday that the state treasury will reap $2.8 million from a settlement his office has made with a national mortgage recording company.

Beshear also said the settlement will offer Kentucky homeowners some of the best mortgage protections in the country.

He is recommending that lawmakers use the $2.8 million to help right the company’s wrongs and to support affordable housing, legal aid foreclosure work and the budgets of local county clerks.

Read on.

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