Order to Cease and Desist Issued to Community Legal Center, LLC Becomes Final

December 22, 2014

Atlanta, Georgia — On December 19, 2014, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Community Legal Center, LLC, located at 7130 Buford Highway, Suite A-120, Doraville, Georgia became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Community Legal Center, LLC engaged in residential mortgage brokering and/or originating 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.

Pursuant to O.C.G.A. § 7-1-1001(5), an attorney licensed to practice law in Georgia who negotiates the terms of a residential mortgage loan on behalf of a client, generally, is exempt from mortgage licensing only to the extent that the attorney negotiates as an ancillary matter to the attorney's representation of the client. 

Contact
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.