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Fairfield Financial Mortgage Group, Inc. - Order of Revocation

State of New York Banking Department


In the Matter of

Fairfield Financial Mortgage Group, Inc.

A Licensed Mortgage Banker 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 September 3, 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 banker licensed pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), failed to comply with the provisions of Sections 591(4) and 597 of the Banking Law and Parts 410.8(b) and 410.9(a)of the Superintendent’s Regulations.

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 banker should be deleted from the roll of mortgage bankers licensed pursuant to Article 12-D of the Banking Law; and
  2. That Respondent immediately returns the mortgage banker license issued by this Department upon the date of this order.
Witness, my hand and official seal of the Banking Department at the City of New York, this 13th day of November in the Year two thousand and nine.

____________________________
Jane Azia
Director of Non-Depository Institutions
and Consumer Protection

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