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Report Fraud, Waste and Abuse
  • Recommendation Number: 2019-CF-1803-001-A
  • Status: Closed
  • Date Issued: September 30, 2019
Closed Date:
March 31, 2022

Acknowledge that the attached settlement agreement of $325,000 represents an amount due HUD from Pacific Horizon.

Publication Report

2019-CF-1803 | September 30, 2019

Final Civil Action: Pacific Horizon Bancorp, Inc., and Two Loan Officers Settled Allegations of Failing To Comply With HUD’s Federal Housing Administration Loan Requirements

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), assisted HUD’s Office of Program Enforcement in a civil investigation of Pacific Horizon Bancorp, Inc., and two former loan officers at Pacific Horizon. … more

Related Recommendations

General Counsel

  •  
    Status
      Open
      Closed
    2019-CF-1803-001-B
    Closed on September 30, 2019
    $15,000.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A] resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B] that are not supported by adequate documentation (also known as an unsupported cost]; or (C] that appear unnecessary or unreasonable.

    Acknowledge that the attached settlement agreement for $15,000 represents an amount due HUD from the two loan officers.