Monthly mortgage summary, Nov. 2010

Monthly
Mortgage Summary

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
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Inside this Issue:
NEWS ITEMS 2011 State Holidays 2
ADMINISTRATIVE ITEMS Administrative 3 Actions
License Denials 4 Licenses Revoked, 5 Expired, Withdrawn
Fine Information 5 Licenses Approved 6
and Reinstated
License/Registration 10 Renewals
Contact Information 11

Annual License Renewals
Annual license renewals for 2011 began November 1st through the NMLS. Existing licensees can log into NMLS, click the Renewal Tab and request renewal of their license(s) or inform their regulator that they do not intend to renew. Licenses must be in an approved status in order to request renewal.
Licensees will be required to complete the identity verification process and authorize a credit report to be pulled through NMLS before December 31, 2010. For more details about credit report requirements, please go to: http://mortgage.nationwidelicensingsystem.org/profreq/credit/Pages/ default.aspx.
The deadline for renewal submission without incurring a late fee was Wednesday, December 1, 2010. Late fees and any outstanding fines must be paid outside of the NMLS through the Department's secure website at: https://bkgfin.dbf.state.ga.us/ MortgageDocs/MtgFinePay.html before the renewal can be approved.
Licensees whose renewal submissions have been approved can expect to receive an e-mail from the Department that includes information for logging on to a secure website where they can retrieve and print their 2011 license certificates. E-mail notifications/instructions will be sent to the licensee's primary contact as listed on the NMLS prior to the current license expiration date of December 31, 2010.
If a license expires on December 31, 2010, it is no longer valid on or after January 1, 2011, and mortgage business can no longer be conducted under it. Should a person or entity wish to reinstate an expired license, a new application must be filed through NMLS and approved by the Department.
Please go to the NMLS webpage for Georgia streamlined annual renewal requirements to learn more about the license renewal process.

"Safeguarding Georgia's Financial Services"

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November 2010

2011 State Holidays
In accordance with O.C.G.A. 1-4-1, Governor Sonny Perdue proclaimed the following dates as public and legal state holidays for the year 2011:

Holiday Name
New Years Day 2011
Martin Luther King Jr.'s Birthday Robert E. Lee's Birthday
Washington's Birthday
Confederate Memorial Day Memorial Day Independence Day Labor Day Columbus Day Veterans' Day Thanksgiving Day
Christmas Day

Date Observed
January 1st Saturday Will be observed Monday, Jan 3rd
January 17th Monday January 19th Wednesday Will be observed on Friday, November 25th February 21st - Monday Will be observed on Monday, December 26th
April 25th Monday
May 30th Monday
July 4th Monday
September 5th Monday
October 10th Monday
November 11th Friday November 24th Thursday Lee's Birthday will be observed on Friday, November 25th December 25th Sunday (will be observed on Friday, Dec 23rd) Washington's Birthday (will be observed on Monday, Dec. 26th)

DBF Holiday Hours
The offices of the Department of Banking and Finance will be closed on Thursday, December 23rd and Friday, December 24th in observance of State holidays. Our offices will also be closed on Monday, January 3rd for New Year's Day.
The Department wishes you and your family a wonderful Holiday Season!!

November 2010
ADMINISTRATIVE ACTIONS

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Cease and Desist Orders Which Became Final
Alacrity Lending Company, Dallas, TX (license# 22914) - Order to Cease and Desist issued 10/04/2010 became final 11/03/2010.
Kevin Jason Barry, Byron, GA (license# 24096) - Order to Cease and Desist issued 10/04/2010 became final 11/03/2010.
Amanda Suzanne Brown, LaGrange, GA (license# 24138) - Order to Cease and Desist issued 10/04/2010 became final 11/04/2010.
David Ellis Crenshaw, Warner Robins, GA (license# 24118) - Order to Cease and Desist issued 10/04/2010 became final 11/03/2010.
Crysler Financial, LLC, Ocala, FL (license# 23158) - Order to Cease and Desist issued 09/30/2010 became final 11/03/2010.
First American Realty Capital Corp., Los Angeles, CA (license# 15179) - Order to Cease and Desist issued 10/12/2010 became final 11/16/2010.
JM Financial Group, LLC, Mableton, GA (license# 22294) - Order to Cease and Desist issued 10/01/2010 became final 11/03/2010.
Koontz, Kaptain, Kensington, MD - Order to Cease and Desist issued 10/29/2009 became final 11/19/2010.
Vicki M. McCorsley, Carrollton, GA (license# 17833) - Order to Cease and Desist issued 10/12/2010 became final 11/11/2010.
Mortgage America, LLC, Kensington, MD (license# 22659) - Order to Cease and Desist issued 09/30/2010 became final 11/01/2010.
Neighborhood Funding, Inc., Tampa, FL (license# 22010) - Order to Cease and Desist issued 10/13/2010 became final 11/15/2010.
Dale Bradley Nifong, Dublin, GA (license# 18850) - Order to Cease and Desist issued 10/12/2010 became final 11/11/2010.
PennyMac Loan Corp., Calabasas, CA - Amended Order to Cease and Desist issued 10/04/2010 became final 11/23/2010.
Penny Mac Loan Services, LLC, Calabasas, CA - Order to Cease and Desist issued 10/12/2010 became final 11/23/2010.
Kelly Coye Price, Leesburg, GA (license# 23608) - Order to Cease and Desist issued 10/21/2010 became final 11/11/2010.
TS Mortgage, Inc., Jacksonville, FL (license# 23694) - Order to Cease and Desist issued 10/06/2010 became final 11/05/2010.

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November 2010

ADMINISTRATIVE ACTIONS

Cease and Desist Orders Which Became Final (continued)
Wealthbridge Mortgage Corp., Beaverton, OR (license# 23971) - Order to Cease and Desist issued 10/12/2010 became final 11/11/2010.

Cease and Desist Orders -- Lifted, Withdrawn or Rescinded
Dynasty Financial Consulting, Inc., Marietta, GA (license# 22340) - Order to Cease and Desist that became final on 9/19/2010 was rescinded on 11/12/2010.

License Denials

November 2010

Page 5

Fine Information

Information regarding fines assessed against a specific licensee for which there is no pending administrative action,
is available on an individual licensee basis by submitting a written request to the following e-mail address: dbfmort@dbf.state.ga.us

FINE REASON

10 Licensees fined for Change in Management 1 Licensee fined for doing business w/ unlicensed entity

11 Licensees fined for acquisition of 25% ownership without approval 2 Licensees fined for Prohibited Acts

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November 2010

LICENSE/REGISTRATION RENEWALS
A current listing of Georgia mortgage licenses/registrations that have been renewed for the 2011 licensing period can be found on our website from: http://dbf.georgia.gov/00/channel_title/0,2094,43414745_46385619,00.html#Renewals
This file (in Microsoft Excel format) will be updated on a weekly basis and reflects renewal of licenses/ registrations that were in an approved status prior to November 1, 2010.

November 2010
Georgia Department of Banking and Finance
2990 Brandywine Road Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1136 Fax: (770) 986-1029 or 1655
Email: dbfmort@dbf.state.ga.us
We're on the Web! dbf.georgia.gov

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The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State. The Department also has regulatory and/or
licensing authority over mortgage brokers/processors, lenders and loan originators, money service businesses, international banking organizations, and bank holding compa-
nies conducting business in Georgia.
Our MISSION is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision.
Our VISION is to be the best financial services industry regulator in the country Progressive. Proactive. Service-Oriented.

Sign-up to Receive this Publication
This publication is delivered to interested parties via email and is also available from the Department's website at: http://dbf.georgia.gov under Publications, Mortgage Summary.
If you would like to be added to our distribution list, please send an e-mail to dbfpress@dbf.state.ga.us and indicate your name, e-mail address, and the publication to which you wish to subscribe.