Premium Mortgage Group, Inc. License Revocation and Order Issued to Judy M. Miller Become Final

September 19, 2008

Atlanta, Georgia ~ On September 16, 2008, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License of Premium Mortgage Group, Inc., located at 137 South Effingham Plantation Drive, Guyton, Georgia 31312, broker’s license number 20321, became final.

The Notice of Intent to Revoke Annual License issued to Premium Mortgage Group, Inc. provided that this licensee made false statements or misrepresented material facts to lenders; engaged in a transaction, practice or course of business not in good faith, or which operated a fraud on any person; caused applicants for mortgage loans to sign documents in blank; operated an unapproved branch office and failed to properly maintain a mortgage loan transaction journal. 

Pursuant to state law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to a mortgage broker or mortgage lender that is not licensed or exempt from licensing or registration provisions.

In conjunction with the same violations identified in the Notice of Intent to Revoke Annual License, the Department issued an Order to Cease and Desist to Judy M. Miller, who is the president of Premium Mortgage Group, Inc. This Order to Cease and Desist also became final on September 16, 2008.

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, 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 the commission of a prohibited act, such as making misrepresentations in loan documents or causing borrowers to sign loan documents in blank.

Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371


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