Koster settles with telemarketers

Keith Loria Sep. 17, 2009, 4:45pm


JEFFERSON CITY, Mo. (Legal Newsline) - Missouri Attorney General Chris Koster reached a settlement agreement on Wednesday with a California couple who had violated the state's No-Call List policy.

Under terms of the settlement, Madhulika and Ratan Baid's California companies, Smart Funding Corp. and Ariant Solutions, Inc., will pay $35,000 to the State for using third-party telemarketers to make telephone solicitations to no-call subscribers in attempts to sell home mortgage and refinancing packages.

"The Attorney General's Office continues to take action against companies that violate our state's no-call law," Koster said.

"We will continue to work vigilantly to protect Missourians who have placed their names on the no-call list."

The agreement also prohibits the defendants from making any telephone solicitations in Missouri and requires that they comply with all state and federal laws regarding telemarketing and telephone solicitations or sales.

Any violation of the agreement may result in civil penalties.

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