Order To Cease And Desist Issued To Moka Financial, Inc., East Point, GA Becomes Final

May 27, 2008

Atlanta, Georgia —   On May 24, 2008,  an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Moka Financial, Inc., East Point, GA  became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that  Moka Financial, Inc., engaged in mortgage broker/lending activities without a license or under an applicable exemption.

Pursuant to Georgia law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker/lender activities.


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