November 26, 2014 3:31 PM ET

Commercial Services and Supplies

Company Overview of Midland Funding LLC

Company Overview

Midland Funding LLC provides debt collection services. The company was incorporated in 2005 and is based in San Diego, California. Midland Funding LLC operates as a subsidiary of Midland Portfolio Services, Inc.

8875 Aero Drive

Suite 200

San Diego, CA 92123

United States

Founded in 2005

Phone:

858-309-6970

Fax:

858-309-6977

Key Executives for Midland Funding LLC

Midland Funding LLC does not have any Key Executives recorded.

Midland Funding LLC Key Developments

Minnesota Settles Lawsuit with Midland Funding LLC

On December 12, 2012, as Minnesota Attorney General Lori Swanson announced a settlement with Midland Funding LLC, which the state sued in 2011. The deal includes a number of new legal requirements for Midland. Midland also will pay a fine of $500,000 to the state. Swanson's lawsuit was against a debt buyer for filing "robo-signed" affidavits in court to support claims in lawsuits against individuals. Midland employees admitted in sworn testimony for Swanson's case against the company that they had signed up to 400 affidavits per day without reading them or without knowledge of their contents and without verifying their accuracy. In the settlement agreement, Midland denied any wrongdoing as alleged by Swanson's lawsuit. But the company agreed to a number of changes in the process it follows before filing a lawsuit. They include providing individuals with validation of the debt, including the original creditor's name and the last four digits of the original account number, among other details. Midland also agreed not to file affidavits with lawsuits unless the employee has read and understood the affidavit and confirmed the authenticity of accompanying documents, as well as other requirements meant to ensure truthfulness.

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