Department Orders Revocation of Licenses of Georgia Southern Mortgage Group, Inc., and Gene Romeo and Orders Gene Romeo to Cease and Desist

On March 9, 2017, the Department issued a Final Order revoking the mortgage broker license of Georgia Southern Mortgage Group, Inc. The Final Order also revoked the mortgage loan originator’s license of the company’s president, Gene Romeo and ordered Mr. Romeo to cease and desist.

Department Enters into Consent Order with Mortgage South Lenders, Inc. and Kathryn Leake

On February 1, 2017, the Department entered into a Consent Order with Mortgage South Lenders, Inc., Nationwide Multistate Licensing System & Registry (the “NMLS”) #166775, of Georgia, and Kathryn Leake, NMLS #167307, of Georgia, to resolve allegations pertaining to violations of the Georgia R

Department Orders Lender Purchasing and Holding Loans Without a License to Cease and Desist

On October 27, 2016, the Order to Cease and Desist issued by the Department against NYI Finance, LLC became final.

Department Orders Lenders Purchasing and Holding Loans Without a License to Cease and Desist

On September 15, 2016, nine Orders to Cease and Desist issued by the Georgia Department of Banking and Finance became final.

Department of Banking and Finance Takes Possession of The Woodbury Banking Company, Woodbury, Georgia

The Department of Banking and Finance (“Department”) took possession of The Woodbury Banking Company, Woodbury, Georgia on August 19, 2016. 

Department’s Order to Cease and Desist Issued to Kathleen Ricketts Becomes Final

On June 1, 2016, an Order to Cease and Desist issued by the Department to Kathleen Ricketts became final.

Department of Banking and Finance Obtains Court Order against Kenneth Alan Inboden

Atlanta, Georgia - On March 14, 2016, the Bibb County Superior Court issued a Final Order and Judgment enjoining Kenneth Alan Inboden (“Mr.