- Collection:
- Georgia Government Publications
- Serial:
- Monthly summary of mortgage activities / Georgia Department of Banking and Finance.
- Title:
- Monthly mortgage summary, May 2014
- Creator:
- Georgia. Department of Banking and Finance
- Contributor to Resource:
- Georgia. Department of Banking and Finance.
- Publisher:
- Atlanta, GA : Georgia Department of Banking and Finance, 2014-05
- Date of Original:
- 2014-05
- Subject:
- Georgia. Department of Banking and Finance
Mortgage loans--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Nov. 1999; title from caption.
June 2005. - External Identifiers:
- Call Number GA B100 .P1 M6 2014/5
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-bb100-b-pp1-bm6-b2014-s5-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-bb100-b-pp1-bm6-b2014-s5-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Monthly Mortgage Summary
Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
Monthly Summary of Mortgage Activities for the Period Ending May 2014
Inside this Issue:
Licenses Approved 2 or Reinstated
Administrative 3 Actions
License Denials 3
Fine Information 3
Licenses Revoked, 3 Expired,
Withdrawn or Suspended
Department Issues Proposed Rulemaking and Provides Opportunity to Comment
On May 9, 2014, pursuant to the provisions of the Georgia Administrative Procedure Act, O.C.G.A. 50-13-1 et seq., and by the authority of O.C.G.A. 7-1-61, 7-1-690, 71-706.1, 7-1-1012 and other cited statutes, the Department of Banking and Finance (Department) gave notice of its intent to adopt new rules.
Comments to the Department must be received by the close of business on Monday, June 9, 2014.
The Proposed Rules may be viewed or downloaded from the Department's website at: http://dbf.georgia.gov/notice-proposed-rulemaking-and-opportunity-comment-5-9-2014
Contact 8 Information
HOLIDAY OBSERVANCE--OFFICE CLOSING This is a reminder that the Department will be closed on Friday, July 4th
for the Independence Day holiday.
"Safeguarding Georgia's Financial Services"
Page 2
May 2014
MORTGAGE BROKERS, PROCESSORS, LENDERS AND REGISTRANTS APPROVED OR REINSTATED IN MAY 2014
MORTGAGE LOAN ORIGINATOR LICENSES APPROVED OR REINSTATED IN MAY 2014
A total of 366 MLO licenses were approved during the month, including 17 reinstated licenses and 349 new license approvals. A separate document is provided on the Department's website for licenses approved in May 2014: http://dbf.georgia.gov/documents/may-2014-mortgage-loan-originator-license-approvals
COMMONLY USED ACRONYMS
CE -- Continuing Education Department -- Georgia Department of Banking and Finance GRMA -- Georgia Residential Mortgage Act MCR -- Mortgage Call Report MLO -- Mortgage Loan Originator NMLS or NMLSR -- Nationwide Mortgage Licensing System & Registry O.C.G.A. -- Official Code of Georgia Annotated
May 2014
ADMINISTRATIVE ACTIONS Mortgage Loan Originator License Denials
Page 3
Fine Information
FINE REASON AND COUNT
33 Fines for Mortgage Call Report Filed Late in NMLS 2 Fines for Background Checks 1 Fine for Prohibited Acts 1 Fine for Loan Files not Properly Maintained 1 Fine for Unapproved Branch Manager
1 Fine for Advertising 4 Fines for Books and Records 1 Fine for Doing Business w/Unlicensed Entity 1 Fine for Unapproved Branch
MORTGAGE BROKER AND LENDER LICENSEES / REGISTRANTS REVOKED, EXPIRED OR WITHDRAWN IN MAY 2014
MORTGAGE LOAN ORIGINATOR LICENSEES REVOKED, WITHDRAWN OR SUSPENDED IN MAY 2014
Page 4
MORTGAGE LOAN ORIGINATOR LICENSEES REVOKED, WITHDRAWN OR SUSPENDED IN MAY 2014
May 2014
May 2014
MORTGAGE LOAN ORIGINATOR LICENSEES REVOKED, WITHDRAWN OR SUSPENDED IN MAY 2014
Page 5
Page 6
MORTGAGE LOAN ORIGINATOR LICENSEES REVOKED, WITHDRAWN OR SUSPENDED IN MAY 2014
May 2014
May 2014
MORTGAGE LOAN ORIGINATOR LICENSEES REVOKED, WITHDRAWN OR SUSPENDED IN MAY 2014
Page 7
Page 8
Georgia Department of Banking and Finance
2990 Brandywine Road Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1269 Fax: (770) 986-1029 or 1655
Email: dbfmort@dbf.state.ga.us
May 2014
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 companies
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.
We're on the Web! dbf.georgia.gov
Sign-up to Receive this Publication
This monthly publication highlights topics and activities pertaining to the Department's regulation of state-licensed or registered mortgage brokers, lenders and loan originators. It is delivered to interested parties via e-mail 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, send an e-mail to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to Monthly Mortgage Summary" in the Subject line.