Georgia DBF issued cease and desist order - alleges misreps in loan files

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In the following press release To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.announced that o n July 4, 2007 the Department’s Order to Cease and Desist issued to Roosevelt Toe of Buford, Georgia, became final.

Mr. Toe was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders.

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

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