Attorney General Scott Pruitt turned down an estimated $10.2 million that would have gone to victims of unlawful or unfair foreclosure practices, according to documents from the settlement agreement. Pruitt said he refused to join other states in a federal foreclosure agreement on the principle that the agreement went beyond the scope of attorneys general.

According to a state-by-state breakdown of the federal agreement provided by the Iowa Attorney General's Office, Oklahoma would have received $18.6 million in cash to be used for any purpose and an estimated $10.2 million that would have been paid out directly to people who were victims of bad foreclosure practices.

Instead, the Attorney General's office made a separate agreement to accept only the cash-payment amount to the state for $18.6 million from Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and GMAC.

Only state to opt out

Oklahomans will not be able to apply for their share of the $1.5 billion earmarked for victims, which was estimated at $10.2 million for Oklahoma based on population and foreclosure rate.

Oklahoma is the only state that won't use those millions that were earmarked to go directly to individuals.

“We made the decision that, that $18.6 million was sufficient to cover the victims ... of deceptive practices by banks and in the services of foreclosures,” said Assistant Attorney General Tom Bates.

Read more: http://newsok.com/pruitt-rejects-about-10-million-for-oklahoma-foreclosure-victims/article/3649715#ixzz1n4VbO7ZB

 

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They accepted the cash payment amount... how much is that, and where does that go?

 

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Are you trying to be deceptive or just a practitioner of selective reading?


And it goes further on to explain his rational.

Sounds like grandstanding from the governor.

I am guessing that in Oklahoma that the attorney general is directly under the governor and his job is at the will of the governor.

Sounds like Oklahoma needs to create an independent office of attorney general that is accountable to no one except the people... someone who is looking out for the good of the people instead of the governor.

 

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The AG in OK is elected not appointed.

Makes it easier to buy him/her, that way.

 

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Irony bomb. Plus it's rationale, not rational.

 

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Guess the only person the citizens of Oklahoma can blame is themselves... you get what you vote for.

I really thought that it was the governor because I absolutely see no reason that someone tasked with protecting the people of the state would turn away money...

Just for fun I looked through the OK statue... and it turns out he is lying... what a surprise!

§74-18b. Duties of Attorney General...
"11. To pay into the State Treasury, immediately upon its receipt, all monies received by the Attorney General belonging to the state;"

 

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You have to be a liar and a hypocrite these days to be a successful politician.

This is why I have put so much damaging personal information on ACF, that way I can never run for office myself.

I have been asked many times but I always think of ACF and know that now I can't.

 

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