Georgia Department of Banking and Finance's Order to Cease and Desist Issued to Primary Capital Funding, LLC d/b/a www.primarycapitalfunding.com Becomes Final

October 23, 2009


Atlanta, Georgia ~ On October 23, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Primary Capital Funding, LLC also d/b/a www.primarycapitalfunding.com, located at 3003 Summit Boulevard, 15th Floor, #5061, Atlanta, Georgia 30319, became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Primary Capital Funding, LLC also d/b/a www.primarycapitalfunding.com engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption.  

Pursuant to Georgia law, it is prohibited for any person to directly or indirectly solicit, process, place, or negotiate mortgage loans for others, or offer to solicit, process, place, or negotiate mortgage loans for others without a mortgage license or pursuant to an exemption from licensure.

 

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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