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Georgia banking department orders loan-mod firm to cease and desist.

On Sept. 21, an order issued by the Georgia Department of Banking and Finance to Atlanta Home Modification Services LLC, Lawrenceville, Georgia, to cease and desist doing business became final.

The firm was doing business as Atlanta Home Mods and was found by the department to be "engaged in residential mortgage-brokering activities without a license or under an applicable exemption." The department said it had obtained evidence that the firm was engaged in mortgage brokering.

A release issued by the state banking department noted, "It is prohibited for any person knowingly to purchase, sell or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker or lender activities."

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Title Annotation:Briefing Book
Comment:Georgia banking department orders loan-mod firm to cease and desist.(Briefing Book)
Publication:Mortgage Banking
Article Type:Brief article
Geographic Code:1U5GA
Date:Oct 1, 2009
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