Order to Cease and Desist / Order To Show Cause
Aegis Wholesale Corporation, Clark, Sexy真人
Aegis Wholesale Corporation, Houston, TX
Nathaniel L. Parks, Clark, Sexy真人
Nathaniel L. Parks, Succasunna, Sexy真人
John C.H. Hoof, Jr., Houston, TX
Michael C. Balog, Houston, TX
Patrick A. Walden, Houston, TX
Eugene S. Putnam, Jr., Houston, TX
Order #E07-0615; Licensees engaged in conduct allegedly in violation of the Licensed Lenders Act. Licensee announced that its parent corporation, Aegis Mortgage Corporation, was unable to fund home loans in the pipeline. Aegis and Parks closed at least 2 mortgage loans when they should have known they would be unable to fund the loans. Licensees failed to deliver mortgage loan proceeds within the time required. Licensees accepted an unknown number of pending mortgage loan applications that did not close. Licensees failed to maintain the required net worth or became insolvent. Licensees were ordered to cease and desist from closing loans and accepting any new applications. Licensees were also ordered to take numerous actions to hold consumers harmless, including securing viable alternative funding sources, and to report to the Commissioner on a weekly basis. Licensees ordered to show cause why their lender licenses should not be revoked.
First Magnus Financial Corporation, Cherry Hill, Sexy真人
First Magnus Financial Corporation, Tucson, AZ
Stephen Olimpio, Fair Haven, Sexy真人
Gurpreet S. Jaggi, Tucson, AZ
Thomas Sullivan, Tucson, AZ
Order #E07-0641; Licensees engaged in conduct allegedly in violation of the Licensed Lenders Act. Licensee announced that First Magnus and Olimpio were unable to fund home loans in the pipeline. Licensees failed to deliver mortgage loan proceeds within the time required. Licensees accepted an unknown number of pending mortgage loan applications that did not close. Licensees failed to maintain the required net worth or became insolvent. Licensees were ordered to cease and desist from closing loans and accepting any new applications. Licensees were also ordered to take numerous actions to hold consumers harmless, including securing viable alternative funding sources, and to report to the Commissioner on a weekly basis. Licensees ordered to show cause why their lender licenses should not be revoked.
Order to Show Cause
Auto Discounters, Inc., Lakewood, Sexy真人
Order #E07-0705, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Silver Star Auto Sales, Inc., Union, Sexy真人
Order #E07-0706, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Barons Motorhaus, Inc., Ewing, Sexy真人
Order #E07-0708, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Formula 1 Auto Sales, LLC, Union City, Sexy真人
Order #E07-0716, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Stadium Auto Mall Sales, Inc., Rutherford, Sexy真人
Order #E07-0718, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Wheels To Go, Inc., Plainfield, Sexy真人
Order #E07-0719, July 23, 2009; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Frank & Marleen, Inc., Hilltop, Sexy真人
Order #E07-0720, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Bayonne Auto Auction Outlet, LLC, Bayonne, Sexy真人
Order #E07-0725, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Master’s Auto Sales, Inc., Newark, Sexy真人
Order #E07-0730, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Garden State Automotive Group, LLC, Passaic, Sexy真人
Order #E07-0732, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Lakeside Motors, Inc., Hazlet, Sexy真人
Order #E07-0737, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Irvington Leasing, Inc., Irvington, Sexy真人
Order #E07-0742, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Fisher Nissan, Inc., Bergenfield, Sexy真人
Order #E07-0744, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
A R Leasing, Inc., Cherry Hill, Sexy真人
Order #E07-0752, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
American Association for Private Ownership, Inc., Upper Saddle River, Sexy真人
Order #E07-0753, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Chrysler Jeep Dodge of Hammonton, LLC, Hammonton, Sexy真人
Order #E07-0754, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Surf RV & Auto Center, Inc., Point Pleasant, Sexy真人
Order #E07-0762, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Vantage Motors, Inc., Perth Amboy, Sexy真人
Order #E07-0766, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Atlas Auto & Truck Sales, Inc., Elizabeth, Sexy真人
Order #E07-0772, July 23, 2007; Licensed motor vehicle installment seller ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Tri-State Window & Door Factory, Inc., Wood Ridge, Sexy真人
Order #E07-0793, July 24, 2007; Licensed home repair contractors ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Rainbow Construction, LLC, Cinnaminson, Sexy真人
Order #E07-0796, July 24, 2007; Licensed home repair contractors ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Total Exteriors, Inc., Union, Sexy真人
Order #E07-0801, July 24, 2007; Licensed home repair contractors ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
American Funding, Inc., Randolph, Sexy真人
Order #E07-0804, July 24, 2007; Licensed home financing agency ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Pyramid Finance Group Limited Liability Company, Sewell, Sexy真人
Order #E07-0811, July 24, 2007; Licensed check casher ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Cash Out Check Cashing, Inc., Deptford, Sexy真人
Order #E07-0813, July 24, 2007; Licensed check casher ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
WIMT, LLC, Union City, Sexy真人
Order #E07-0873, July 24, 2007; Licensed foreign money transmitter ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
House Remittance, Inc., Newark, Sexy真人
Order #E07-0874, July 24, 2007; Licensed foreign money transmitter ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Boby Express of New York, Inc., Elizabeth, Sexy真人
Order #E07-0876, July 24, 2007; Licensed foreign money transmitter ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Lighthouse Mortgage Service Co., Inc., Merchantville, Sexy真人
Order #E07-0817, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Multi Mortgage, LLC, Newark, Sexy真人
Order #E07-0819, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
South Beach Mortgage Company, LLC, Elmwood Park, Sexy真人
Order #E07-0822, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Mortgage Lenders Network USA, Inc., Middletown, CT
Order #E07-0823, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Altimate Discount Mortgage Corporation, Collegeville, PA
Order #E07-0825, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Union Street Investment Company, Oak Ridge, Sexy真人
Order #E07-0826, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Innovative Mortgage Solutions, LLC, Cherry Hill, Sexy真人
Order #E07-0827, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Central Pacific Mortgage Company, Folsom, CA
Order #E07-0831, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Clearlight Mortgage Corporation, Greenvale, NY
Order #E07-0834, July 25, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Capital Financial Corp., Parsippany, Sexy真人
Order #E07-0826, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
JDS Mortgage Brokers, Inc., Hackensack, Sexy真人
Order #E07-0837, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Fidelity Mortgage, Inc., South Orange, Sexy真人
Order #E07-0839, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
RSA Mortgage Solutions, Inc., Iselin, Sexy真人
Order #E07-0844, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
United Auto Finance, Inc, Paterson, Sexy真人
Order #E07-0846, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Homesync Financial Services, LLC, Miamisburg, OH
Order #E07-0849, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Power Lending Group, LLC, Edison, Sexy真人
Order #E07-0854, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Liberty 1st Mortgage LLC, Hoboken, Sexy真人
Order #E07-0856, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Mortgage Loan Specialists, Inc., South Plainfield, Sexy真人
Order #E07-0857, July 26, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Stephen P. Boyle, Toms River, Sexy真人
Order #E07-0858, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Mortgage Security, Inc., Fords, Sexy真人
Order #E07-0861, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
American Capital Financial Services, Inc., West Windsor, Sexy真人
Order #E07-0863, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
The Mortgage Consultants, Inc., Shrewsbury, Sexy真人
Order #E07-0864, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
American Money Centers, Inc., Warwick, RI
Order #E07-0865, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Town Mortgage, LLC, River Edge, Sexy真人
Order #E07-0866, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
FCC Acceptance Corporation, Lewisville, TX
Order #E07-0868, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Matrix Funding Services, Inc., Hasbrouck Heights, Sexy真人
Order #E07-0870, July 27, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file. |
Order to Show Cause
Equity Source Home Loans, Inc., Morganville, Sexy真人
Robert E. Gomer, Oceanport, Sexy真人
Nicole Guthneck, Toms River, Sexy真人
Order to Show Cause #E04-0520, February 28, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Financial One, Inc., Branchburg, Sexy真人
Financial One, Inc., Bridgewater, Sexy真人
John Cerwinski, Warren, Sexy真人
Allen Lewis, Warren, Sexy真人
Order to Show Cause #E04-0555, February 28, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Fixed Mortgage.Com, Inc., Saddle Brook, Sexy真人
Fixed Mortgage.Com, Inc., Glen Cove, NY
Eugene Volynets, Glen Head, NY
Order to Show Cause #E05-0744, February 28, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Home 123 Corp., Morris Plains, Sexy真人
Home 123 Corp., Parsippany, Sexy真人
Bradley Morrice, Irvine, CA
John Matteucci, Stanhope, Sexy真人
Order to Show Cause #E04-0595, February 14, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Diamond Capital Corporation, Thorofare, Sexy真人
Diamond Capital Corporation, Mantua, Sexy真人
Diamond Capitol Corporation, Mantua, Sexy真人
Thomas Cunningham, Mantua, Sexy真人
James Dinocci, Burlington, Sexy真人
Order to Show Cause #E04-0522, February 14, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file.
Del Sol Financial Corp., Westfield, Sexy真人
Jose Del Sol, Elizabeth, Sexy真人
Janet Del Sol, Elizabeth, Sexy真人
Order to Show Cause #E04-0521, February 7, 2007; Licensed lender ordered to show cause why its license should not be suspended or revoked for its failure to file an annual report. Licensee also ordered to show cause why administrative penalties should not be imposed for such failure to file. |
