Atlanta, Georgia ~ On October 9, 2008, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Family Home Loans, LLC, License Number 20392, located at 4500 Hugh Howell Road, Tucker, Georgia, and its owner, Tony Rogers, 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 Family Home Loans, LLC’s mortgage broker’s license is effective as of October 9, 2008. Family Home Loans, LLC can never apply to the Department for another license to be a mortgage broker or mortgage lender;
- As of the close of business on October 3, 2008, Family Home Loans, LLC agreed not to accept any new loan applications and must cease all of its remaining residential mortgage broker activities in Georgia by no later than November 15, 2008;
- For a three-year period, Tony Rogers 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. Rogers 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 $500.00 contribution shall be made by Family Home Loans, LLC to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371