Countrywide controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
RICS fines Countrywide £100,000
Fine or penalty
In 2019, RICS fined Countrywide £100,000 and reprimanded the firm over its handling of surplus client money. Countrywide accepted two charges that it had failed to preserve the security of client funds. Countrywide said it repaid funds transferred from office to unnamed client accounts. The event was reported by Mortgage Strategy.
Company response
Remediation — Countrywide
Countrywide repaid all of the funds that had been transferred from office to unnamed client accounts.
Source excerpt
Countrywide repaid all of the funds that had been transferred from office to unnamed client accounts.
The charges are that Countrywide failed to persevere the security of client funds.
Information from the hearing shows that Countrywide accepted both charges.