Department Enters into Consent Order with Bryant O’Neal Easterling

November 18, 2014

Atlanta, Georgia — On November 17, 2014, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Bryant O’Neal Easterling, NMLS # 536652, of Georgia, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act, namely, operating an unapproved branch location without approval of the Department in violation of O.C.G.A. § 7-1-1006(f), failing to maintain an office of record with the Department in violation of Department Rule 80-11-5-.04, and failing to demonstrate financial responsibility, character and general fitness such as to command the confidence of the community and to warrant a determination by the Department that he would operate honestly, fairly, and efficiently within the purposes of the Georgia Residential Mortgage Act.

The terms of the Consent Order include the following:

  • The mortgage loan originator’s license for Bryant O’Neal Easterling will be deemed surrendered. 
     
  • Bryant O’Neal Easterling shall be prohibited from making an application for a Georgia mortgage broker’s license or a Georgia mortgage lender’s license, either in his individual capacity or as the owner or officer of a corporation, partnership or limited liability company for five years from the date of entry of the Consent Order.
     
  • Bryant O’Neal Easterling shall be prohibited from directing the affairs of a Georgia mortgage broker or Georgia mortgage lender or acting as a director, officer, partner, equitable owner, control person, branch manager, employee or any other equivalent role for a licensed Georgia mortgage broker or Georgia mortgage lender for five years from the date of entry of the Consent Order.
     
  • Bryant O’Neal Easterling shall pay fines in the amount of $500.00 to the Department in satisfaction of monetary claims assessed by the Department.
     
  • Bryant O’Neal Easterling shall contribute $500.00 to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.

 

Rod Carnes
Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail: rodc@dbf.state.ga.us

 

The Department is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia.  In addition, the Department has regulatory and/or licensing authority over mortgage brokers, lenders and processors, mortgage loan originators, check cashers, sellers of payment instruments, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.