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First Fidelity Centers, Inc. Revocation and Orders to Cease and Desist to Steve D. Sherlin and David R. George Become Final

First Fidelity Centers, Inc. Revocation and Orders to Cease and Desist to Steve D. Sherlin and David R. George Become Final

April 24, 2008


Atlanta, Georgia ~ On April 18, 2008, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to First Fidelity Centers, Inc. d/b/a fidelity centers, license number 20482, located at 5900 Canoga Avenue, Suite 400, Woodland Hills, California 91367 became final.  

The Notice of Intent to Revoke Annual License provided that First Fidelity Centers, Inc. d/b/a fidelity centers purposefully withheld information requested by the Department for the purpose of conducting an examination.

In conjunction with this same violation, the Department issued Orders to Cease and Desist to Steve D. Sherlin, who is the president of First Fidelity Centers, Inc. d/b/a fidelity centers, and David R. George, the company’s executive vice-president. These Orders to Cease and Desist also became final on April 18, 2008.  

Pursuant to state law that was in effect when the violation underlying the Orders to Cease and Desist was committed, the Department may 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 the prohibited act of withholding information during an examination.  


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