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Department Enters into a Consent Order with Acentra Financial, LLC, and its owner, Husein S. Khimani

Department Enters into a Consent Order with Acentra Financial, LLC, and its owner, Husein S. Khimani

October 1, 2008


Atlanta, Georgia ~ On September 29, 2008, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Acentra Financial, LLC, License Number 19842, formerly located at 1838 Old Norcross Road, Suite 200, Lawrenceville, Georgia, and its owner, Husein S. Khimani, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

The terms of the Consent Order include the following:

  • The revocation of Acentra Financial, LLC’s mortgage broker’s license is effective as of September 29, 2008. Acentra Financial, LLC can never apply to the Department for another license to be a mortgage broker or mortgage lender;
      
  • For a five-year period, Husein S. Khimani can only be affiliated with a mortgage broker or mortgage lender as an employee and is prohibited from applying for a mortgage broker’s or lender’s license. During this same time frame, Mr. Khimani may not serve as a branch manager or direct the affairs or act as a director, officer, partner, equitable owner, or any other equivalent role of a mortgage broker or mortgage lender; and
                                                                
  • A $1,000.00 contribution shall be made by Acentra Financial, LLC to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.  

 

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

 

Related Files: 
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Consent Order122.26 KB