Marder, Inc - Order of Revocation
State of New York Banking Department
In the Matter of
A Registered Mortgage Broker Pursuant
- Registrant -
ORDER OF REVOCATION
AFTER, due and proper notice and hearing; and
AFTER, review of the transcript of the April 4, 2008 hearing in this matter and the Findings of Fact and Recommended Decision of Dale Black-Pennington, Esq., the duly designated Hearing Officer, a copy of which is annexed hereto, I find that substantial evidence has been adduced that Respondent, a mortgage broker registered pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), violated the provisions of Section 597 of the Banking Law and Part 410.8(b) of the Superintendent’s Regulations in that Respondent submitted a Volume of Operations Report for the 2006 calendar year on March 7, 2008, after the extended deadline of April 27, 2007.
NOW THEREFORE, under the authority granted to me pursuant to Sections 595(1) and 44-a of the Banking Law:
IT IS HEREBY ORDERED,
- That Respondent pay a fine in the amount of $10,000 to the Banking Department upon the receipt of this order via an electronic transfer, in immediately available funds, to:
Bank: JPMorgan Chase Bank
NYS Government Banking Region
12 Corporate Woods Blvd., 4th Floor
Albany, NY 12211
Telephone: (518) 433-2533
Account: 573-801703 Routing or ABA#: 0210-0002-1 Account Title: NYS Banking Department; and
That Respondent’s registration as a mortgage broker is revoked pursuant to Article 12-D upon the receipt of this order; and
That Respondent immediately return the mortgage broker’s registration issued by the Banking Department upon the receipt of this order.
Witness, my hand and official seal of the Banking Department at the City of New York, this 9th day of July in the Year Two Thousand and eight.
Richard H. Neiman
Superintendent of Banks