Georgia Department of Banking and Finance's Orders to Cease and Desist Issued to Michael Stone Become Final

October 18, 2010

Atlanta, Georgia - On September 29 and October 18, 2010, respectively, Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Michael W. Stone of Bethlehem, Georgia, became final.

These Orders to Cease and Desist were issued by the Department after evidence was obtained showing that it was unlawful for Mr. Stone to be employed by a licensed Georgia residential mortgage broker or lender.


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, 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:


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