FOR IMMEDIATE RELEASE	Tuesday, August 25, 2009

Georgia Department of Banking and Finance's Order to Cease and Desist Issued to InstaModify, LLC Becomes Final

Atlanta, Georgia ~ On August 24, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to InstaModify, LLC, located at 18301 Von Karman, #920, Irvine, California, became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that InstaModify, LLC engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption.  

Pursuant to Georgia law, 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 residential mortgage brokering or lending.    

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

The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.  Visit us on the Web at: http://dbf.georgia.gov/

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