Georgia Department of Banking and Finance Revokes Three Mortgage Loan Originator Licenses in May 2011

June 6, 2011


Atlanta, Georgia -
During the month of May 2011, the Georgia Department of Banking and Finance (“Department”) revoked the mortgage loan originator licenses of the following three individuals:

  1. Jillian J. Sheridan (GDBF No. 27456/NMLS No. 281757). Final Order issued by the Department revoking Ms. Sheridan’s license effective May 16, 2011.                                                                                                                     
  2. Wilbur “Sonny” H. Letak (GDBF No. 27201/NMLS No. 208757). Final Order issued by the Department revoking Mr. Letak’s license effective May 18, 2011.                                                                                                                        
  3. Susan N. Corley (GDBF No. 28888/NMLS No. 202923). Final Order issued by the Department revoking Ms. Corley’s license effective May 24, 2011.                                                                                                                                     

Pursuant to state law, it is prohibited for any person employed by a Georgia residential mortgage broker or lender to engage in the activities of a mortgage loan originator without first obtaining and maintaining a mortgage loan originator license.

A Georgia residential mortgage broker or lender found to have employed an unlicensed person performing mortgage loan originator activities subjects itself to license revocation by the Department, and administrative action against the owners, officers, directors, partners, and employees of the broker or lender.  


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/