Friday October 20, 2017 7:36 pm


We are a full-service law firm based in Orange County, California. With over 48 years of combined experience, our firm makes a conscious effort to keep current with state and federal legislative and regulatory developments. We utilize this information to serve our clients as a dedicated and informed legal firm. We represent clients in business litigation, personal injury, bankruptcy, estate planning and family law, lending and real estate law, administrative agency hearings, and cases involving intellectual property as well as entertainment law. On federal matters we represent clients nationwide. Our attorneys are licensed in California and Nevada.

We have successfully represented companies and individuals under investigation or charged with violations of real estate laws and regulations, as well as those charged with or under investigation for mortgage fraud. We actively defend individuals in demands from lenders and federal agencies to buy back loans or pay for losses on loans. We advise and assist companies in developing policies and pre-audit procedures to avoid violations of such laws as the Dodd-Frank Act.

Through our various publications and appearances, we keep mortgage lenders and brokers aware of changes in mortgage financing laws of the various governmental agencies.

The information and manuals presented in this site are provided as a service to our clients and the public. We encourage you to visit all our pages, and we welcome your comments. If there is an issue you are interested in but you do not see it here, please let us know. In Southern California call (714) 662-4990. If you’re in Northern California or out of state, call us toll free (888) 667-8529. Enjoy your visit!

Note: The contents of this web site should not be considered as constituting legal advice. An attorney should be consulted before acting on any information given in this web site. Our firm is licensed in the state of California and various federal courts only.

16 Responses to HOME

  1. h.thordsen says:



    If a creditor sues a consumer then:
    1. Lawsuits and judgments may be reported to the credit bureaus up to seven years from the date the lawsuit was filed and then seven years from the date a judgment. Paid judgments may be reported no more than seven years after the date of the judgment.
    2. Paid tax liens may be reported from the date of payment for up to seven years.
    3. Delinquent credit accounts may be reported for seven years after the date of the last scheduled payment before the account became delinquent.
    4. Charged off Accounts or if sent to collection may be reported for up to seven years plus 180 days from the delinquency. BUT the seven years starts from the date the delinquency occurred not the date it is sent to the collection agency.
    5. Student loans made, guaranteed, or insured by the U.S. government, or national direct student loans, may be reported for much longer than seven years. Before an overdue student loan is reported to a credit reporting agency, the guarantee agency or the Department of Education must provide the borrower with notice and describe the borrower’s right to see the loan records and dispute the debt.
    6. Any other adverse information may be reported for seven years from when the event occurred.
    7. You can challenge information if you believe it incorrect using state and federal laws such as the Federal Fair Credit Reporting Act and the California Rosenthal Fair Debt Collection Practices Act (Under the California Act the original creditor is considered a debt collector)
    8. Commercial credit or credit obtained for business reasons should not be on your consumer credit at all.

    Once the credit reporting agency receives the letter, it must either:
    reinvestigate the items you dispute, or delete the items from your credit report within three business days after receiving your dispute.


    You get free access to your credit report once per year. Since there are three credit bureaus do one each every four months. That way you get one per year from each but you see it every four months enabling you to catch errors sooner. If you would like one of our attorneys to assist in the correction issues to your credit contact us at 888-667-8529, 714-662-4990, 213-277-4254 (Thordsen Law Offices) or leave a message on our website

  2. Jorge H Lopez says:

    I greatly appreciate your information update it does help our career m
    Thank you, Jorge

  3. h.thordsen says:

    Consumer Financial
    Protection Bureau
    1700 G Street NW, Washington, DC 20552
    CFPB Compliance Bulletin 2015-05
    Date: October 8, 2015
    Subject: RESPA Compliance and Marketing Services Agreements
    The Consumer Financial Protection Bureau (CFPB or the Bureau) issues this compliance bulletin
    to remind participants in the mortgage industry of the prohibition on kickbacks and referral fees
    under the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601, et seq.) and describe
    the substantial risks posed by entering into marketing services agreements (MSAs).1 The Bureau
    has received numerous inquiries and whistleblower tips from industry participants describing the
    harm that can stem from the use of MSAs, but has not received similar input suggesting the use of
    those agreements benefits either consumers or industry. Based on the Bureau’s investigative
    efforts, it appears that many MSAs are designed to evade RESPA’s prohibition on the payment and
    acceptance of kickbacks and referral fees. This bulletin provides an overview of RESPA’s
    prohibitions against kickbacks and unearned fees and general information on MSAs, describes
    examples of market behavior gleaned from CFPB’s enforcement experience in this area, and
    describes the legal and compliance risks we have observed from such arrangements.
    Overview of RESPA and Marketing Services Agreements
    Congress enacted RESPA in 1974 as a response to abuses in the real estate settlement process.
    Thus, a primary purpose of RESPA is to “eliminat[e] … kickbacks or referral fees that tend to
    increase unnecessarily the costs of settlement services.” 12 U.S.C. 2601(b)(2). The statute, which
    has both civil and criminal penalties, covers myriad settlement services, including “any service
    provided in connection with a real estate settlement,” such as title searches, examinations, and
    insurance; services rendered by an attorney; document preparation; property surveys; rendering
    of credit reports or appraisals; inspections; services rendered by a real estate agent or broker; and
    1 Regulation X, which implements RESPA, is codified at 12 C.F.R. Part 1024.


  4. JOHN J MAFRICI says:

    I would like to be added to your Mortgage E-alert please.
    John Mafrici

  5. h.thordsen says:



    An employee engaged to wait (is work time) or an employee was waiting to be engaged (not work time). For example, a secretary who reads a book while waiting for dictation or a fireman who plays checkers while waiting for an alarm is working during such periods of inactivity. These employees have been “engaged to wait.”

    On-Call Time: An employee who is required to remain on call on the employer’s premises is working while “on call.” An employee who is required to remain on call at home, or who is allowed to leave a message where he/she can be reached, is not working (in most cases) while on call.

    Rest and Meal Periods: Rest periods of short duration, usually 20 minutes or less, are common in industry and are customarily paid for as working time. These short periods must be counted as hours worked. Unauthorized extensions of authorized work breaks need not be counted as hours worked when the employer has expressly and unambiguously communicated to the employee that the authorized break may only last for a specific length of time, that any extension of the break is contrary to the employer’s rules, and any extension of the break will be punished. Bona fide meal periods (typically 30 minutes or more) generally need not be compensated as work time. The employee must be completely relieved from duty for the purpose of eating regular meals. The employee is not relieved if he/she is required to perform any duties, whether active or inactive, while eating.

    Sleeping Time and Certain Other Activities: An employee who is required to be on duty for less than 24 hours is working even though he/she is permitted to sleep or engage in other personal activities when not busy. An employee required to be on duty for 24 hours or more may agree with the employer to exclude from hours worked bona fide regularly scheduled sleeping periods of not more than 8 hours, PROVIDED adequate sleeping facilities are furnished by the employer and the employee can usually enjoy an uninterrupted night’s sleep. No reduction is permitted unless at least 5 hours of sleep is taken.

    Home to Work on a Special One Day Assignment in Another City: An employee who regularly works at a fixed location in one city given a special one day assignment in another city and returns home the same day. The time spent in traveling to and returning from the other city is work time, except that the employer may deduct/not count that time the employee would normally spend commuting to the regular work site.
    Travel Away from Home Community: Travel that keeps an employee away from home overnight is travel away from home. The time is not only hours worked on regular working days during normal working hours but also during corresponding hours on nonworking days. (usdolwhdfact#227/2008)


    There is more. However, the conservative rule is that if we are talking few dollars, it is better to pay the worker than it is to pay the lawyer to defend. This is but a small summary. If you have something more specific in mind that is not put forth here, contact an attorney.

  6. Brad Schauer says:

    As a member of CAMP I’d like to take advantage of your offer for a free 30 minute consultation. This matter involves whether or not one party gave sufficient notice to the successor trustee of their intent to purchase the property in question.

    Thank You,

    Brad Schauer

    • I trust you received an answer.
      Herman Thordsen, Esq.
      Thordsen Law Offices
      151 Kalmus Drive
      Suite B-250
      Costa Mesa, CA 92626
      (714) 662-4990
      (714) 662-4993 Direct Line
      (888) 667-8529

  7. juan ochoa says:

    hello, i’m a new CAMP member and would like to take advantage of the FREE half hour offered for legal advise. please advise how I can do this?? thanks

  8. Alan Bishop says:

    Don’t forget to send me your retainer form and contact info.

    Associated Mortgage Group
    49280 Liberty st . #101
    Fremont, CA 94538


  9. Daniel Mangaroni says:

    I just called your office to inquire about possibly receiving assistance with 2-3 collections accounts. I was asked to log on to your web page and request a case number.
    Thank you for your kind attention to this matter.
    Daniel Mangaroni
    Lydia Mangaroni

  10. Justin says:

    Thanks for writing this! I visit your site pretty often and I always feel smarter afterwards.
    I shared this article on Facebook and my friends thought it was great too.

    Anyway, I just wanted to tell you that I appreciate what you’re doing here.
    Sincerely, Your #1 fan! lol :)

  11. Will Clinton says:

    Mr Thordsen, I wanted to take adantage of the free 30 minutes for a compensation question. I know we can’t offer a bonus on $ brought and only on volume of loans.
    Could we offer a bonus on a certain type of loans like Reverse Mortgages, if 2 were closed in a quarter? If yes then could we pay a bonus on lets say so many jumbo loans in a quarter?
    I am sure this is a question many owners would like to know. Thanks

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