Atlanta, Georgia ~ On January 4, 2008, the Georgia Department of Banking and Finance's ("Department's") Notice of Intent to Revoke Annual License issued to Gelin and Associates, Inc., license number 14324, located at 9002 Cedar Grove Road, Fairburn, Georgia, became final.
The Notice of Intent to Revoke Annual License provided that Gelin and Associates, Inc. purposefully withheld, deleted, destroyed or altered information requested by an examiner and made false statements to the Department.
A copy of the Notice of Intent to Revoke issued to Gelin and Associates, Inc. can be accessed from the file attachment below.
Pursuant to state law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to a mortgage broker or mortgage lender who is not licensed or exempt from licensing or registration provisions.
In conjunction with these same violations of law, the Department issued an Order to Cease and Desist to Marie Gelin, who is the president of Gelin and Associates, Inc. This Order to Cease and Desist also became final on January 4, 2008, and can be accessed from the file attachment below.
State law that was in effect when the violations underlying this Order to Cease and Desist were committed permits the Department to revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding five years if the Order resulted from the commission of a prohibited act.
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371