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Department's Order to Cease and Desist issued to LaTaunya Tilstra Becomes Final

Department's Order to Cease and Desist issued to LaTaunya Tilstra Becomes Final

July 29, 2008


Atlanta, Georgia ~ On July 28, 2008, the Georgia Department of Banking and Finance’s (“Department’s”) Order to Cease and Desist issued to LaTaunya Tilstra of Smyrna, Georgia, became final.   

Ms. Tilstra was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders. This occurred while Ms. Tilstra was employed as a loan officer for Worldwide Financial Group, Inc.  The Department revoked the mortgage broker’s license of Worldwide Financial Group, Inc. in 2007.      

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 three years if the Order resulted from misrepresentations being made in loan documents.  

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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