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X-Sell Mortgages Inc.- Order of Revocation

State of New York Banking Department


In the Matter of

X-Sell Mortgages Inc.

A Registered Mortgage Broker Pursuant
to Article 12-D of the New York Banking Law

- Respondent -

ORDER OF REVOCATION


AFTER, due and proper notice and hearing; and

AFTER, review of the transcript of the February 18, 2009  hearing in this matter and the Findings of Fact and Recommended Decision of Ms. Jean Marie Brescia, 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 38.10 of the General Regulations of the Banking Law and Sections 102.1(c)(1) and 102.4(b) of the Supervisory Procedure MB102.

NOW THEREFORE, under the authority granted to me pursuant to Sections 595(1)(a) and (b) of the Banking Law:

IT IS HEREBY ORDERED,

  1. 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
  2. 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  14th  day of April in the Year two thousand and nine.

____________________________
Richard H. Neiman
Superintendent of Banks

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