Georgia Department of Banking and Finance Enters into a Consent Order with iServe Residential Lending, LLC; and its members, Andrew Kurtz, Louis A. Amaya, Gary Willis and Doug Wilson

March 29, 2010


Atlanta, Georgia
- On March 25, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with iServe Residential Lending, LLC f/k/a United Residential Lending, LLC (“iServe”), mortgage lender license number 19613, located at 8925 Pima Center Parkway, Suite 100, Scottsdale, Arizona 85258; and its members, Andrew Kurtz, Louis A. Amaya, Gary Willis and Doug Wilson, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

The Consent Order includes the following terms:

  • iServe shall not directly or indirectly transact business as a Georgia mortgage lender with any unlicensed person that is not exempt from licensing or registration requirements;
                                                                             
  • Irrespective of any business relationship that it may have, iServe shall not directly or indirectly transact any residential mortgage business that requires a Georgia mortgage lender or broker’s license with National Asset Direct Acquisition, LLC or NAD Acquisition 3, LLC unless and until such time as these companies may be licensed by the Department.
  • iServe shall pay to the Department fines in the amount of $4,000; and
  • iServe shall make a $2,000.00 contribution to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.                                               

 

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, mortgage loan originators, 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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Related Files: 
PDF icon Consent Order (220.92 KB)