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Revocation of License Issued to Mortgage Solutions-USA, Inc. and Orders to Allison L. Stallworth and Ana Adames Arcia Become Final

Revocation of License Issued to Mortgage Solutions-USA, Inc. and Orders to Allison L. Stallworth and Ana Adames Arcia Become Final

July 21, 2008


Atlanta, Georgia ~ On July 18, 2008, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to Mortgage Solutions-USA, Inc., license number 21513, located at 5211 Caitlin Lane, Douglasville, Georgia 30135 became final.  

The Notice of Intent to Revoke Annual License provided that Mortgage Solutions-USA, Inc. made false statements and material misrepresentations to the Department, which are prohibited acts under the Georgia Residential Mortgage Act.  

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 that is not licensed or exempt from licensing or registration provisions.

In conjunction with these same violations, the Department issued Orders to Cease and Desist to Allison L. Stallworth, who is the president of Mortgage Solutions-USA, Inc., and Ana Adames Arcia. These Orders to Cease and Desist also became final on July 18, 2008.  

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were 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 a prohibited act.  

 

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

 

Related Files: 
AttachmentSize
Notice of Intent to Revoke40.38 KB
Cease and Desist Orders80.01 KB