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Department's Order to Cease and Desist Issued to Advanced Processing Center, LLC Becomes Final

Department's Order to Cease and Desist Issued to Advanced Processing Center, LLC Becomes Final

September 29, 2008


Atlanta, Georgia
  On September 22, 2008,  an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Advanced Processing Center, LLC, South Burlington, VT became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that  Advanced Processing Center, LLC, 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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C&D Advanced Processing31.76 KB