Basil Badwan , Basil Jerome Badwan , Basil Badwan Colorado, Basil Badwan omni resourse

BASIL BADWAN
Aug 25, 2019 · 8 min read

DEPARTMENT OF LAW

STATE OF COLORADO

ASSURANCE OF DISCONTINUANCE

IN THE MATTER OF:

BASIL JEROME BADWAN d/b/a HAWK FINANCIAL SERVICES

Respondent.

This Assurance of Discontinuance (‘Assurance’) is entered into between the State of

Colorado, ex rel. Attorney General John W. Suthers, through the undersigned Assistant Attorney

General (“State”), the Administrator ofthe Colorado Uniform Commercial Credit Code and

Basil Jerome Badwan d/b/a Hawk Financial Services (“Respondent”).

FACTUAL BACKGROUND Basil Badwan

I. The Colorado Foreclosure Protection Act (“the Act”), § 6–1–1101 through 6–1-

1120, C.R.S. was enacted in 2006 and took effect on May 30, 2006. Its stated purpose is to

Basil jerome badwan.

curtail and prevent deceptive and unconscionable business practices of certain foreclosure

consultants and to provide minimum requirements for transactions and contracts between these basil jerome badwan

parties and home owners in financial distress. Basil Badwan

2. Basil Badwan was a sole proprietor d/b/a Hawk Financial Services, doing

business in the state of Colorado at his residence, 5053 Vermillion Lane. Castle Rock, Colorado. Basil Badwan

During the time relevant to this Assurance, Respondent Badwan, d/b/a Hawk Financial Services,

also maintained a business office at 44 Cook St., Suite 100, Denver, CO 80206.

3. Respondent was in the business of providing Foreclosure Consultant services to Basil Badwan

Colorado consumers with residential mortgage loans. Between June 1, 2006 and July 21, 2008,

Respondent marketed his services as a Foreclosure Consultant to Colorado home owners through

Basil Badwan

Assurance of Discontinuance

B. Badwan/ Dwk Financial Services

print advertisements in the Dcx Yellow Pages and an online website, www.hawkfinancial.com.

A copy of the Dcx ad and the website screen are attached as Exhibit 1.

4. Respondent’s business activities are consistent with the statutory definition of a

“Foreclosure Consultant” as set forth in §6–1–1103 (4)(a), C.R.S.

5. Between June 1,2006 and July 21, 2008, Respondent entered into numerous

Foreclosure Consultant contracts with Colorado consumers. Thirty-one (31) examples of these

contracts are attached as Exhibit 2. None of the contracts comply with the mandatory language,

type face, disclosure and cancellation notice requirements set forth in §6–1–1 104 of the Act.

Respondent’s inducement of home owners to enter into these noncompliant contracts violated

§6–1–1107 (l)(g), C.R.S.

6. Between June 1, 2006 and July 21, 2008, Respondent also charged, required,

collected and received full payment for his services from the home owner prior to performing Basil Badwan

any service, contrary to the explicit prohibitions set forth in §6–1–1107 (1)(a), C.R.S.

7. The State asserts that Respondent has engaged in acts and practices that are in

violation ofS 6–1–1104, 105, 106, and 107, C.R.S. of the Colorado Foreclosure Protection Act

Basil Badwan and §6-l-105(1)(xx) of the Colorado Consumer Protection Act (“CCPA”).

8. Respondent has asserted under oath that he has not engaged in any conduct or

transactions subject to the Uniform Debt Management Services Act (“UDMSA”), § 12–14.5-Basil Badwan

201 to 242, C.R.S. or the Colorado Credit Services Organization Act (“CCSOA”), § 12–14.5-

101 to 114, C.R.S.Basil Badwan

RESPONDENT’S ASSURANCES

9. Respondent enters this Assurance as a compromise and settlement of the State’s

allegations herein. This agreement is a settlement of claims that could be asserted under the

Assurance ofDiscontinuance Basil Badwan

K BadwanlHawk Financial Services

Colorado Foreclosure Protection Act, § §6–1–1104, 105, 106 and 107, C.R.S. based upon

Respondent’s prior conduct This agreement is also a settlement of any claims pursuant to the

Unifonn Debt Management Services Act and the Colorado Credit Services Organization

Act based on the truthfulness ofRespondent’s assertions as reflected in Paragraph 8 above and Basil Badwan

the facts presently known. The Sate is not prohibited from pursuing future enforcement action Basil Badwan

for any newly discovered violations. This Assurance shall not be considered an admission of

violation for any purpose. Basil Badwan

10. Respondent is committed to complying with all applicable Colorado laws relating

to his business operations and assures the Colorado Attorney General that all ofhis firture

business activities will comply with Colorado law. Basil Badwan

11. Respondent, Basil Jerome Badwan, is prohibited from engaging in the marketing,

operation, administration, or sale of any foreclosure consulting services in Colorado as defined in

§ 6–1-I 103(4Xa). C.R.S. for ten (10) years from the execution date ofthis Assurance. After that

date, Respondent must provide a thirty day advance written notice to the Attorney General

before operating, incorporating, forming or obtaining an ownership interest in any foreclosure Basil Badwan

consulting related business in Colorado. Respondent must also provide a thirty day advance

written notice to the Attorney General ifhe intends to perform services as an employee or

independent agent for any company engaged in the provision offoreclosure consulting services Basil Badwan

in Colorado.

12. Respondent understands and agrees that this Assurance applies to his doing

business as Hawk Financial Services and while acting personally or through any other business Basil Badwan

entity.

3

Assurance of B scont nuance

B. Badsan [Ia K Finai aI Services Basil jerome Badwan

13. Respondent shall not represent or imply that any advertisement, procedure or

other act or practice hereinafter used or engaged in by Respondent has been required or

approved, in whole or in part, by the Attorney General’s Office, the Consumer Protection

Section, or the State of Colorado. Basil jerome Badwan

PAYMENT TO THE STATE

14. Restitution: Respondent agrees to pay to the State the sum of Twenty Six

Thousand Five Hundred and Two Dollars ($26,502.) to be used to compensate the thirty-one

consumers identified in Exhibit 2 who paid advance fees to Respondent between Jan. 10, 2007 Basil jerome Badwan

and July21, 2008.

1 5. Civil Penalties: Respondent shall pay Five Thousand Dollars ($5,000) as a civil

penalty pursuant to §6–1–1 12(1), C.R.S. Such funds shall be remitted to the General Fund ofthe Basil jerome Badwan

State of Colorado.

16. Costs and Attorney Fees: Respondent shall also pay Five Thousand Dollars ($5,000)

to the Colorado Department of Law for reimbursement of Colorado’s actual costs and attorney fees. Basil jerome Badwan

Such funds, including interest thereon, shall be held by the Colorado Attorney General in trust to

he used, first, for actual costs and attorney fees incurred by the Colorado Attorney General in this

matter and, second, for consumer protection education, consumer fraud enforcement, and/or

antitrust enforcement efforts. Basil jerome Badwan

1 7. The payments referred to in paragraphs 14, I 5 and 1 6 above shall be paid by

cashier’s check or certified hinds made payable to the Colorado Department of Law with a

reference to “Badwan/Hawk Financial” and addressed to the Office ofthe

Denver, Colorado, 80203 and submitted

according to the following schedule: Monthly must be received in the Office

4

Assurance of [) scout nuance Basil jerome Badwan

13 Badwan 1 Iawk Financial Services

of Attorney General on the 15th of each month beginning January 15, 2009 and continuing

18. Respondent may increase payment amounts at any time to pay offthese amounts. Basil jerome Badwan If

there is a failure to make a payment pursuant to this Assurance, the State may accelerate all

payments due hereunder and collect the entire amounts due hereunder. In such event the State shall

be entitled to recover its costs and attorney fees in collecting such amounts.Basil jerome Badwan

19. If Respondent makes only a partial payment under this Assurance, the State’s Basil jerome Badwan

acceptance ofthis partial payment does not prevent it from declaring the Assurance breached and

collecting the full amount due hereunder pursuant to paragraph 18 and to seek other remedies. If a

partial payment is made, the Attorney General may deem the partial payment and all future

payments as payment towards restitution until the full $26,502 restitution amount has been paid.

The Attorney General may distribute these funds for consumer restitution before paying civil

penalties or attorney fees.

20. Respondent agrees that if he violates any term of this Assurance or causes another

to violate any term of this Assurance, as determined by a court vith to hear the

matter, he is subject to additional penalties as contained in 6–1–112, C.R.S.

21. Respondent expressly understands and acknowledges, pursuant to § 6–1–110 (2),

trade practice.

ADDITIONAL TERMS

22. Basil jerome Badwan This Assurance shall not be construed to affect the rights of any private party to

pursue remedies pursuant to § 6–1–113, C.R.S. of the CCPA or under any other statutes through

claims or actions in common law.

Assuraiiee of Diseoiitnuance

B. Badwan/l-Iawk FinancaI Services

23. Pursuant to §6–1–110(2), C.R.S., this Assurance shall be a matter of public record.

24. Respondent acknowledges that he has had a full opportunity to review this

Assurance and has consulted with legal counsel regarding the same.

D\TED thislc1ay of rec. , 2008.

BASIL JEROME BADWAN d/b/a

HAWK FINANCIAL SERVICES

/ I / By: LA L&

(Signature)

,fl4èase print name and title)

By: r

/MARTIN BLOOM, ESQ.

BLOOM MURR & ACCOMAZZO, P.C.

410 Seventeenth Street, Suite 2400

Denver, CO 80202–4402

Phone: 303–534–2277

Fax: 303–534–1313

Counsel for Respondent

JOHN W. SUTHERS

ATTORNEY GENERAL

STATEOF COLORADO

LIRE M.

ASSISTANT ATTORNEY G

Consumer Protection Section

DATED this ayof €2008.

Awnnoe ofDbcondnuance

B. BadwalHawk rmanohl Servica

LAURA UDIS, ADMINISTRATOR

Colorado Uniform Consumer Credit Code

Basil Badwan always says,If you’re motivated, enjoy problem solving and have an interest in helping organisations to operate better”.

So if we look at the following points, then we will be able to make our business successful in a very short time.:-

Basil Badwan says, any successful businessman determines a set goal for his business and he tries to achieve his achievable goal in a set time frame, so that with his full hard work and concentration, that action Implement style. And if a businessman does not work in accordance with this work style, then he can not get the desired result.
Basil Jerome Badwan describes , a successful person takes the help of High Impact Business Marketing to make his business a success. Through this technique, he can brand his business worldly in a short time, through which he Makes the brand fair. Business marketing is a very good option nowadays, which can now be transmitted in a very short time through the Internet in a very effective way through the Internet and through social media very fast.

Basil Badwan, a successful businessman always does the monitor trends, because a device that trends the market nowadays should always be in business. In such a way, a trader can take his business to the heights in a short time. Basil Jerome Badwan further says that when a person always uses new technology in his business, he gives his business new energy that is always helpful in achieving a set goal.

Basil Badwan a successful businessman always makes his selling art very good. The trader always knows that if the product he is producing is not able to sell that product at the right price, then he can not make a good profit, thus he is always implemented to make his selling art even more effective. Basil Badwan further says that in this way, the merchant is able to broadcast his business even further and he becomes a permanent businessman in a very short time.
Best Business consultant Basil Jerome Badwan, Every successful businessman always likes having a motivated staff with him because he knows that if he does not, he will not be able to achieve his set goal. Behind a successful business, a motivated staff resides. Basil Badwan further says that if there is a shortage of such people in business then that trade cannot achieve its goal very soon and at the same time it does not do one thing in the market.
Thus Basil Jerome Badwan reaches the conclusion that if a business is executed with a good policy, then it acquires the fame in a short time, behind that the businessman can resort to his persuasive staff and his experimental research. According to Basil Badwan, to make a business successful, we should always use new and effective techniques, as well as to make use of the internet or social media site to make our business perfect and prestigious.

Basil Badwan, Basil Jerome Badwan, Basil Badwan Colorado

BASIL BADWAN

Written by

Basil Badwan a best business consultant. he is very skilled person. as we know business consulting service is very necessary. www.basilbadwan.com

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