Friday, March 03, 2006
Broker Enjoined After Violating Cease and Desist Order
On February 9, 2006, DeKalb County Superior Court, Georgia issued an Order enjoining Sonya Brown of 5245 Biffle Road, Stone Mountain, Georgia, from further violation of the Georgia Department of Banking and Finance’s order requiring her to cease and desist from brokering mortgage loans.
Although the Department’s cease and desist order became final on September 11, 2004, the agency received evidence that Ms. Brown was still brokering mortgage loans in direct violation of state law.
The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations and bank holding companies conducting business in the state of Georgia. The Department currently supervises approximately 282 banks and 68 credit unions with assets over $251 billion. The Department also licenses over 3,400 mortgage lenders, brokers and processors and over 700 check cashers, sale of check companies and money transmitters.
mortgage fraud
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
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