Georgia Department of Banking and Finance's Order to Cease and Desist Issued to Fine Akanbi Becomes Final

October 1, 2009


Atlanta, Georgia ~ On September 29, 2009, the Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) became final against Ms. Fine Akanbi of Stone Mountain, Georgia.

The Orders to Cease and Desist provided that Ms. Akanbi purposefully withheld information requested by an examiner of the Department during the course of the examination of Grassroots Mortgage, Inc., in violation of O.C.G.A. § 7-1-1013(11).

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 conducting mortgage business with an unlicensed person or committing prohibited acts.

 

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, 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/

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