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Department of Banking and Finance Obtains Court Order Against Kawana Melvin

Department of Banking and Finance Obtains Court Order Against Kawana Melvin

May 27, 2008


Atlanta, Georgia ~ On May 20, 2008, Fulton County Superior Court issued a Final Order and Judgment enjoining Kawana Melvin of Atlanta, Georgia, from further violation of the Georgia Department of Banking and Finance’s (“Department’s”) order requiring her to cease and desist from engaging in residential mortgage activities.

On April 17, 2006, a Cease and Desist Order issued by the Department became final against Ms. Melvin after it was found that she submitted false information to a lender. As a consequence, Ms. Melvin was not eligible to work for a licensed mortgage broker or lender for a three-year-period. Despite this restriction, Ms. Melvin was employed as a processor for Southlake Mortgage Corporation, a Georgia lender, from August 21, 2006, until October 1, 2007. The Department also determined that a fraudulent letter purporting to have been issued by this agency was being disseminated in the mortgage community last fall indicating that Ms. Melvin was not prohibited by the Cease and Desist Order from engaging in residential mortgage activities in this state.  

The Order issued by the Fulton Superior enjoins Ms. Melvin from working for a Georgia mortgage broker or lender until the expiration of the initial Cease and Desist Order. The Order also prohibits her from presenting any documents allegedly created by the Department that incorrectly represent that the Cease and Desist Order that was issued to her in April 2006 is not in effect.

Pursuant to a second Cease and Desist Order issued by the Department that became final against Ms. Melvin on March 28, 2008, for violating the terms of the April 2006 Order, mortgage brokers and lenders licensed by the Department may not hire Ms. Melvin until at least March 28, 2013, without running the risk of having their license revoked.    

 

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

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