FOR IMMEDIATE RELEASE	Friday, July 11, 2008

Department of Banking and Finance Enters Into Consent Order with Jill Willy

Atlanta, Georgia ~ On July 7, 2008, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Jill Willy of Cumming, Georgia, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

The terms of the Consent Order provide that for a 3-year period, Jill Willy can only be affiliated with a Georgia mortgage broker or Georgia mortgage lender as a W-2 employee and is prohibited from applying for a Georgia mortgage broker’s or Georgia lender’s license. Ms. Willy is prohibited from directing the affairs of a Georgia mortgage broker or Georgia mortgage lender or from acting as a director, officer, partner, equitable owner, or any other equivalent role for a Georgia mortgage broker or Georgia mortgage lender during the 3-year period that this Consent Order is in effect. The Consent Order also prohibits Ms. Willy from serving as a branch manager for a Georgia mortgage broker or Georgia mortgage lender during this same period of time.   

Contact: 
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail: rodc@dbf.state.ga.us