Department Enters into Consent Order with Jason Myers and Ikon Financial Group, LLC

October 22, 2015

Atlanta, Georgia — On October 21, 2015, the Georgia Department of Banking and Finance (the “Department”) entered into a Consent Order with Jason Myers (“Mr. Myers”), Nationwide Mortgage Licensing System (the “NMLS”) #232673, of South Carolina, and Ikon Financial Group, LLC (“Ikon”), NMLS #239349, of South Carolina, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act, namely, making false statements or misrepresentations to the Department in violation of O.C.G.A. § 7-1-1013(11); making false statements and misrepresenting material facts in mortgage loan documents in violation of O.C.G.A. § 7-1-1013(1), (2) and (6); operating an unapproved branch with an unapproved branch manager in violation of O.C.G.A. § 7-1-1006; failing to perform Georgia Crime Information Center background checks on covered employees in violation of O.C.G.A. § 7-1-1004(k); and transacting business with a person who is unlicensed and not exempt from licensing requirements in violation of O.C.G.A. § 7-1-1002(a) and (b).

The terms of the Consent Order include the following:

  • The mortgage lender’s license for Ikon will be deemed surrendered;
  • Mr. Myers shall be prohibited from applying for a Georgia mortgage loan originator’s license, a Georgia mortgage broker’s license, and/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;
  • Mr. Myers shall be prohibited from acting as a director, officer, partner, equitable owner, or any other equivalent role for a licensed Georgia mortgage broker or Georgia mortgage lender;
  • Mr. Myers shall be prohibited from acting as a branch manager for a Georgia branch of a Georgia licensed mortgage broker or Georgia licensed mortgage lender;
  • Ikon shall contribute $1,000.00 to the State Regulatory Registry, LLC to support the NMLS.

 

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.