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Cease and Desist Order Issued to National Lending Corp. Becomes Final

Cease and Desist Order Issued to National Lending Corp. Becomes Final

July 11, 2008


Atlanta, Georgia —   On July 10, 2008,  an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to National Lending Corp., Detroit, MI became final.  This Order to Cease and Desist was issued by the Department after it obtained evidence National Lending Corp., engaged in mortgage broker/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 mortgage broker/lender activities.

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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