The Department issues a Final Order to Cease and Desist against Sharonda Alexander.

Atlanta, Georgia – On June 10, 2024, an Order to Cease and Desist (“Order”) issued by the Georgia Department of Banking and Finance (“Department”) to Sharonda Latrice Alexander for engaging in activities in violation of the Georgia Installment Loan Act (“GILA”), O.C.G.A. § 7-3-1 et seq., became final. 

The Order provided that the Department had evidence that Ms. Anderson engaged in unlawful activities during the course of her employment with a licensed installment lender.  These activities involved fraudulently executing fourteen (14) loan agreements without the customers’ knowledge or consent by way of renewing open active customer accounts, reopening paid out “former borrower” customer accounts, forging signatures on loan documents, falsifying supporting documents used to approve loans, and retaining the proceeds from each customer account.

Pursuant to O.C.G.A. § 7-3-43(d), the Department may revoke the license of an installment lender that employs an individual subject to a final cease and desist order under GILA within the past five (5) years.

 

Contact:

Oscar B. Fears, III

Senior Deputy Commissioner

Phone: (770) 986-1650

E-mail: [email protected]

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