Georgia Department of Banking and Finance's Order to Cease and Desist Issued to Fidelis Mitch Mutyambizi aka Eidelis Mutyambizi aka Mitch Mutyambizi Becomes Final

June 11, 2010


Atlanta, Georgia — On June 7, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Fidelis Mitch Mutyambizi aka Eidelis Mutyambizi aka Mitch Mutyambizi of Miami, Florida became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Mr. Mutyambizi violated a previous Order to Cease and Desist that became final against him on September 8, 2008, for violations of the Georgia Residential Mortgage Act, O.C.G.A. § 7-1-1000 et seq.  Mr. Mutyambizi was found to have engaged in residential mortgage activities in violation of that Order while in the employ of Nations Funding Source, Inc.  By violating the initial Order to Cease and Desist in this manner Mr. Mutyambizi conducted mortgage business without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Pursuant to state law, 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 a violation of O.C.G.A. § 7-1-1002. 

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 loan originators, 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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