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| ³Ô¹ÏºÚÁÏ > Banking Division
> Enforcement Activity > 2017 OCF Licensee Enforcement |
2017 Office of Consumer Finance Licensee Enforcement |
| January > February > March > April > May > June > July > August > September > October > November > December |
| December |
Consent Order
Daniel Markus, Inc. t/a Perfect Pawn & Margarita Risis
Reference # 1000161 & 1000162
Consent Order E17-018660, December 22, 2017. Respondent operated out of a branch location prior to obtaining a license for it. Penalty: $500
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| November |
Consent Orders
Kuber Cashing Corporation
Reference # 0803155
Consent Order E17-018613, November 8, 2017. Respondent charged service fees in excess of the maximum allowable of 2.21% or $1, whichever is greater. Penalty: $500
Dawn Bottle and Spirits, Inc.
Reference # 9500871
Consent Order E17-018607, November 14, 2017. Respondent was found to have overcharged its customers for check cashing service fees on Temporary Assistance for Needy Families and supplemental security income. Penalty: $10,000
Assured Mortgage Solutions, LLC
NMLS #868782
Consent Order E17-018614, November 14, 2017. Respondent failed to provide all of the information required pursuant to a Report of Examination, failed to file its Annual Reports in a timely fashion, and continued to operate while its license was suspended. Penalty: Cease and Desist and $10,000
East Coast Mortgage Corp.
NMLS #2785
Consent Order E17-018729, November 27, 2017. Respondent failed to maintain adequate surety bond coverage and failed to notify the Department when making a change to its surety bond amount. Penalty: $11,500
Strategic Funding, LLC
NMLS #133448
Consent Order E16-017513, November 30, 2017. Respondent agreed to file its Annual Reports in a timely manner. Penalty: $3,000 |
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| October |
Consent Order
GIO’s Auto Sales, LLC
Reference # 1502059
Consent Order AR17-1502059, October 30, 2017. Respondent agreed to file its Annual Reports in a timely manner. Penalty: $2,000 |
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| September |
Consent Order
Elizabeth Avenue Auto Sales, LLC
Reference # 1000451
Consent Order AR17-1000451, September 26, 2017. Respondent agreed to file its Annual Reports in a timely manner. Penalty: $2,000 |
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| August |
Consent Order
Aumil Patel & Nalini Investment, Inc.
Reference # 9936031 & 9928162
Consent Order E17-018175, August 18, 2017. Respondent was found to have charged excessive fees, fees in excessive of what it incurred, and it failed to maintain a compliant return item record. Penalty: $3,500 |
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| July |
Consent Order
Latin Brother Corp.
Reference # 9400308
Consent Order E17-018250, July 13, 2017. Respondent failed to provide a formal response to a Report of Examinations as required and continued to operate after its license expired. Penalty: $7,500
Final Order
Century Union Services, LLC & Robes Barboza
Reference # 1100793 & NMLS #908878
Final Order E16-017862, July 14, 2017. Respondent failed to remit payments on behalf of several customers as required. Penalty: Revocation, $95,000 fine, and $82,208 in restitution |
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| June |
Consent Order
Samarth, LLC
Reference # 0802797
Consent Order E17-018132, June 26, 2017. Respondent changed the address of its business without proper notification and approval by the Commissioner. Penalty: $500 |
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| May |
Consent Order
Equity Prime Mortgage, LLC
NMLS #21116
Consent Order E17-018187, May 17, 2017. Respondent failed to submit fingerprints for its Chief Compliance Officer as cited in a previous examination, continued to operate out of a terminated branch location, charged an impermissible “underwriting fee”, and charged consumers Commitment Fees without evidence of a valid Commitment on file. Penalty: $10,000 |
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| April |
Consent Order
Cramer Hill Check Cashing, LLC
Reference # 1000097
Consent Order E17-018029, April 20, 2017. Respondent agreed to cease charging fees in excess of those allowable pursuant to the Check Casher Regulatory Act of 1993. Penalty: $1,000
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| March |
Consent Order
American Financial Network, Inc.
NMLS #237341
Consent Order E17-018086, March 1, 2017. Respondent failed to maintain adequate surety bond coverage and agreed to obtain the additional amount as required. Penalty: $3,500
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| February |
Consent Order
Central Lending Services, Inc.
NMLS #129033
Consent Order E17-018081, February 13, 2017. Respondent did not provide compliant broker fee agreements as was also noted in a previous examination. Penalty: $2,500 |
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| January |
Consent Orders
Guardhill Financial Corp.
NMLS #1609
Consent Order E16-017960, January 12, 2017. Respondent agreed to provide compliant lock-in agreements and commitments and to first obtain permission from the Department for storing of records offsite. Penalty: $4,000
Reginald Price
NMLS #1369193
Consent Order E16-017918, January 18, 2017. Respondent agreed to the revocation of his mortgage loan originator license and a permanent bar from involvement in the residential mortgage loan origination business pursuant to a previous Consent Judgment initiated by the ³Ô¹ÏºÚÁÏ Division of Consumer Affairs. Penalty: Revocation and bar |
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