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Georgia Department of Banking and Finance Enters into a Consent Order with Randy Joe Crisp

Georgia Department of Banking and Finance Enters into a Consent Order with Randy Joe Crisp

January 24, 2012


Atlanta, Georgia - On January 20, 2012, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Randy Joe Crisp of Suwanee, Georgia, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

Pursuant to terms set forth in the Consent Order, Randy Joe Crisp shall:

  • not directly or indirectly hold himself out to any member of the public as possessing a mortgage license other than that which has been lawfully conferred upon him and which is active and current;
     
  • not directly or indirectly transact business with any unlicensed “person” unless that person is exempt from licensing or registration requirements;
  • be prohibited for a five-year period from making an application for a Georgia mortgage broker or Georgia mortgage lender’s license, either in his individual capacity or as the owner or officer of a corporation, partnership or limited liability company, and from directing the affairs of a Georgia mortgage broker or Georgia mortgage lender including, but not limited to, as a director, officer, partner, equitable owner, branch manager or any other equivalent role;   
  • contribute $1,000.00 to the State Regulatory Registry, LLC, a wholly-owned subsidiary of the Conference of State Bank Supervisors, to support the Nationwide Mortgage Licensing System and Registry (“NMLSR”);
  • be issued Georgia mortgage loan originator’s license number 27363 effective the entry date of this Consent Order; and 
  • update his responses on his MU-4 filing on the NMLSR to reflect the existence of this final administrative action against him and the restrictions set forth therein.

 

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

 

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/

 

Related Files: 
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RandyJoeCrisp_ConsentOrder.pdf288.28 KB