Ideal Mortgage Bankers, Ltd. d/b/a Lend America - Order of Revocation
State of New York Banking Department
In the Matter of
A Licensed Mortgage Banker Pursuant
- Respondent -
ORDER OF REVOCATION
AFTER, due and proper notice and hearing; andAFTER, review of the transcript of the January 12, 2010 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 Part 38, Sections 38.7(a) (1), (5) and (8) of the General Regulations of the Banking Board and Part 410, Section 410.1(b)(2) 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,
- 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
- That Respondent immediately returns the mortgage banker license issued by this Department upon the date of this order.
Director of Non-Depository Institutions
and Consumer Protection