Department of Banking and Finance Enters into Consent Order with Mika Lynn Mills

July 28, 2015

Atlanta, Georgia — On July 21, 2015, the Georgia Department of Banking and Finance (the “Department”) entered into a Consent Order with Mika Lynn Mills, Nationwide Mortgage Licensing System (the “NMLS”) # 718803, of Georgia, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act (the “GRMA”), namely, making false statements or misrepresenting material facts in mortgage loan documents in violation of O.C.G.A. § 7-1-1013(1), (2), and (6), providing false information to the Department in violation of O.C.G.A. § 7-1-1013(11), 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 she would operate honestly, fairly, and efficiently within the purposes of the GRMA.

The terms of the Consent Order include the following:

  • The mortgage loan originator’s license for Mika Lynn Mills will be deemed surrendered;
  • The Order to Cease and Desist issued against Mika Lynn Mills on March 11, 2015, will become a final order of the Department;
  • Mika Lynn Mills shall contribute $1,000.00 to the State Regulatory Registry, LLC to support the NMLS.

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. It is also prohibited for any person to directly or indirectly make, originate, underwrite, hold, purchase, or service a mortgage loan without a mortgage license or pursuant to an exemption from licensure.

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

 

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