Atlanta, Georgia ~ On December 3, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance ("Department") to Shannon Hector of Athens, Georgia, became final.
Ms. Hector was issued an Order to Cease and Desist by the Department for purposefully withholding information requested by this agency in violation of O.C.G.A. § 7-1-1013(11) during the examination of America's Mortgage Broker, LLC.
Pursuant to state law, 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 conducting mortgage business with an unlicensed person or committing prohibited acts.
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage brokers, mortgage lenders, mortgage processors, mortgage loan originators, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia. Visit us on the Web at: http://dbf.georgia.gov/