Order to Cease and Desist Issued to Muller Real Estate Holdings, LLC Becomes Final

May 12, 2015

Atlanta, Georgia — On May 11, 2015, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Muller Real Estate Holdings, LLC located at 777 Arthur Godfrey Road, Suite 400, Miami, FL 33140 became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Muller Real Estate Holdings, LLC engaged in residential mortgage lending 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 make, originate, underwrite, hold, purchase, or service mortgage loans without a mortgage license or pursuant to an exemption from licensure.

It is also prohibited for any person to knowingly purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions.

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.