AG Brown announced that his Consumer Protection Division has filed charges against MV Realty PBC, LLC; MV Realty of Maryland LLC; MV Brokerage of Maryland LLC; and their corporate officers, Antony Mitchell (CEO), David L. Manchester (COO), and Amanda J. Zachman, known collectively as “MV Realty.” According to the charges, MV Realty engaged in illegal consumer lending when it entered into “Homeowner Benefit Agreements” (HBAs) with Maryland consumers, advancing them a small sum that they would have to repay with exorbitant interest. According to the Division’s charges, the HBAs that MV Realty advertised as a “loan alternative” were secured loans that illegally encumbered consumers’ homes and required the payment of excessive interest if the home transferred ownership without the use of MV Realty. The Division also alleges that MV Realty misrepresented or failed to disclose important information to consumers, including that each HBA lasts 40 years and binds heirs and successors.  

“A person’s home is often the most valuable asset they will pass down to their loved ones. MV Realty trapped over one thousand Maryland homeowners and their heirs in costly and unlawful 40-year agreements that threatened that dream. Our Office will not allow predatory lenders to take advantage of Marylanders in moments of financial need and burden their families for generations to come.” -AG Brown