JMF Funding, Inc. - Order of Revocation
State of New York Banking Department
In the Matter of
A registered Mortgage Broker Pursuant
- Respondent -
ORDER OF REVOCATION
AFTER, due and proper notice and hearing; and
AFTER, review of the transcripts of the November 29, 2007 and January 9, 2008 hearing in this matter and the Hearing Decision of Ms. Dale A. Black-Pennington, Esq., the duly designated Hearing Officer, a copy of which is annexed hereto, I find that substantial evidence has been adduced that the Respondent, a mortgage broker registered pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), failed to comply with the provisions of Section 597 of the Banking Law and Parts 38.3, 38.7(a)(1), and 38.7(a)(2) of the General Regulations of the Banking Board.
NOW THEREFORE, under the authority granted to me pursuant to Sections 595(1)(a) and 595(1)(b) of the Banking Law:
IT IS HEREBY ORDERED,
That Respondent’s name as a mortgage broker should be deleted from the roll of mortgage brokers registered pursuant to Article 12-D of the Banking Law; and
That Respondent immediately return the mortgage broker certificate issued by this Department.
Witness, my hand and official seal of the Banking Department at the City of New York, this 31st day of March in the Year two thousand and eight.
Richard H. Neiman
Superintendent of Banks