Order to Cease and Desist Against Willow Nook, Inc. Becomes Final

July 20, 2009

Atlanta, Georgia ~ On July 20, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Willow Nook, Inc. of Albany, Georgia became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Willow Nook, Inc. engaged in mortgage brokering/lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

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.

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, 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: 
PDF icon WillowNook_C&D.pdf (438.31 KB)