You are here

Georgia Department of Banking and Finance Enters into Consent Order with Davis Kevin Bassil

Georgia Department of Banking and Finance Enters into Consent Order with Davis Kevin Bassil

October 11, 2012

 

Atlanta, Georgia — On October 4, 2012, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Davis Kevin Bassil to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.The terms of the Consent Order include the following:

Davis Kevin Bassil shall not directly or indirectly hold himself out to any member of the public in any manner as possessing any mortgage license other than that which has been lawfully conferred upon him by the Department and which is active and current as per the records of the Department at the time of the representation.

Davis Kevin Bassil shall attend in-person and complete a 4-hour Department-approved education course, in the areas of mortgage fraud detection and mortgage fraud prevention, within 90 days of the entry of this Consent Order.

Davis Kevin Bassil shall be prohibited 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 for two (2) years from the date of entry of this Consent Order. Davis Kevin Bassil also shall be prohibited 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 for a licensed Georgia mortgage broker or Georgia mortgage lender for two years from the date of entry of this Consent Order.

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 loan originators, mortgage brokers, mortgage lenders, mortgage processors, 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: 
AttachmentSize
Consent Order with Davis Kevin Bassil205.01 KB