Landco Mortgage Bankers Inc. - Order of Revocation
State of New York Banking Department
In the Matter of
Landco Mortgage Bankers Inc.
A Licensed Mortgage Banker pursuant
- Respondent -
ORDER OF REVOCATION
AFTER, due and proper notice and hearing; and
AFTER, review of the transcript of the February 3, 2009 hearing in this matter and the Findings of Fact and Recommended Decision of Paul Altruda, 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 banker licensed 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 2007 calendar year on October 28, 2008, after the extended deadline of April 18, 2008.
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 $19,300 to the Banking Department no later than 20 days upon the date of this order via an electronic transfer, in immediately available funds, to:
- That Respondent be deleted from the roll of licensed mortgage bankers pursuant to Article 12-D if the aforementioned fine is not fully paid to the Banking Department within 20 days from the date of this Order; and
- That Respondent immediately return the mortgage banker license issued by the Banking Department if the aforementioned fine is not fully paid to the Banking Department within 20 days from the date of this Order.
Bank: JPMorgan Chase Bank
NYS Government Banking Region
12 Corporate Woods Blvd., 4th Floor
Albany, NY 12211
Telephone: (518) 433-2533
Routing or ABA#: 021000021
Account Title: NYS Banking 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