Department of Banking and Finance Enters into Consent Order with Joshua E. Hankins

December 19, 2014

Atlanta, Georgia — On December 19, 2014, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Joshua E. Hankins, NMLS # 44813, of North Carolina, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act, namely, failing to demonstrate 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, O.C.G.A. § 7-1-1000 et seq. O.C.G.A. § 7-1-1004(d)(3).  It was alleged that Joshua E. Hankins, in violation of Department Rule 80-11-5-.07(2), failed to timely update disclosure information on the Nationwide Mortgage Licensing System within ten (10) business days of the event necessitating change, and, in violation of O.C.G.A. § 7-1-1007(d), Joshua E. Hankins failed to report to the Department, in writing within ten (10) days after obtaining knowledge of, the initiation by any governmental entity of any administrative, civil, or criminal action against you. 

The terms of the Consent Order include the following:

  • The mortgage loan originator’s license for Joshua E. Hankins will be deemed surrendered. 
     
  • Joshua E. Hankins shall be prohibited from transacting mortgage activity or otherwise communicating directly or indirectly with any consumer regarding a mortgage loan for Georgia residential property.
     
  • Joshua E. Hankins shall pay fines in the amount of $2,000.00 to the Department in satisfaction of monetary claims assessed by the Department.
     
  • Joshua E. Hankins shall contribute $1,000.00 to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.


Rod Carnes, CFE
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.

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