Department of Banking and Finance's Orders to Cease and Desist Issued to Short Sale Georgia, LLC and Short Sale Agent, LLC Become Final

May 19, 2011


Atlanta, Georgia — On May 18, 2011, Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Short Sale Georgia, LLC dba www.shortsalega.com dba www.shortsalega.wordpress.com (“Short Sale Georgia, LLC”) and Short Sale Agent, LLC f/k/a Short Sale Realtor, LLC dba short-sale-agent.com (“Short Sale Agent, LLC”) located at 6625 Highway 53 East, Suite 410-54, Dawsonville, Georgia 30534 became final.

The Orders to Cease and Desist were issued by the Department after it obtained evidence that Short Sale Georgia, LLC and Short Sale Agent, LLC engaged in residential mortgage brokering activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

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 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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