Department’s Orders to Cease and Desist Issued to Southern Heritage Home Showcase, Inc., Darin Henderson, and Charles Thomason Become Final

August 20, 2018

Atlanta, Georgia — On August 15, 2018, Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Southern Heritage Home Showcase, Inc., and its officers Darin Henderson and Charles Thomason, became final.

The Orders to Cease and Desist were issued by the Department after it obtained evidence that Southern Heritage Home Showcase, Inc., 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.  It is also prohibited for any person to directly or indirectly control a person engaged in unlicensed activity, or to act as a general partner, executive officer, joint venturer, or director of such person.

Further, it is prohibited for any person knowingly to 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: rcarnes@dbf.state.ga.us