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Weekly Bulletin
July 4, 2008

SECTION I

This section records the receipt of applications and notices to the Banking Department.   Applications and notices received by the Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services Divisions are listed in order of date of receipt; applications and notices received by the Mortgage Banking Division are listed at the end of  Section I by type of application or notice.  THE WEEKLY BULLETIN CONSTITUTES THE ONLY WRITTEN NOTIFICATION OF THESE SUBMISSIONS THAT WILL BE ISSUED BY THE BANKING DEPARTMENT.  Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the Banking Department within 10 calendar days of the date of this bulletin, unless a different time period is specified in the item.  More specifically, such comments or objections, including any that concern CRA-related applications, should be either  (a) delivered by mail or in person to The Secretary of the New York State Banking Board, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to BBSecretary@banking.state.ny.us. To view only those current and pending Section I applications and notices which are CRA-related, please click here.

SECTION II

This section records actions taken by the Superintendent of Banks and/or the Banking Board, and other information concerning the activities of the Banking Department.  Actions relating to institutions supervised by the Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services Divisions are listed in order of date of action; actions relating to institutions supervised by the Mortgage Banking Division are listed at the end of Section II by type of action taken.

SECTION III

This section provides notification of the filing by federally-chartered institutions of applications for new branches to be located in New York received from Mr. Toney Bland, Deputy Comptroller, Office of the Comptroller of the Currency, 340 Madison Avenue, 5th Floor, New York, NY  10017 and Mr. Brian Steffey, Office of Thrift Supervision, Harborside Financial Center Plaza Five, Suite 1600, Jersey City, NJ 07311.  Any comment or objection in relation to any application in Section III should be communicated immediately to the supervisor of the institution involved, with a copy furnished to this office.  This section is provided as a courtesy to New York State-regulated banking institutions; additional information relating to federally-chartered institutions is available in the Office of the Comptroller of the Currency’s Weekly Bulletin or its Web site:  http://www.occ.treas.govand via the Office of Thrift Supervision’s Web site at: http://www.ots.treas.gov.

GENERAL INFORMATION

Each item in the Weekly Bulletin is identified by a two-letter code indicating the type of institution and a three-letter code indicating the Banking Department Division which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:

Institution Codes

BK = Bank
TR = Trust Company
PB = Private Banker
SD = Safe Deposit Company
HC = Holding Company
SB = Savings Bank
MK = Merchant Bank
SL = Savings and Loan Association
CU = Credit Union
IC = Investment Company
FA = Foreign Agency

FB = Foreign Branch
FR = Foreign Representative Office
PR = Premium Finance Agency
SF = Sales Finance Agency
LL = Licensed Lender
TM = Transmitter of Money
BP = Budget Planner
CC = Check Casher
MB = Mortgage Banker
BR = Mortgage Broker
MS = Miscellaneous

Division Codes

FWB = Foreign and Wholesale Banks Division
CRB = Community and Regional Banks Division
LFS = Licensed Financial Services Division
MBD = Mortgage Banking Division
CSD = Consumer Services Division


SECTION I

June 26, 2008 (TM-LFS)
SOCATRANSFER NEW YORK INC.
2828A Church Avenue, Brooklyn, New York 11220

Notification of a change of the principal place of business to 1239 Flatbush Avenue, Brooklyn New York 11226, received.


June 26, 2008 (TR-CRB)
THE ADIRONDACK TRUST COMPANY
473 Broadway, Saratoga Springs, NY  12866

Application dated June 25, 2008 for permission to open and occupy a branch office at 376 Bay Road, Town of Queensbury, Warren County, NY 12804, received.

The comment period for this item will expire on July 14, 2008.


June 26, 2008 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Application dated June 25, 2008 for permission to open and occupy a branch office at Brandywine Assisted Living at the Savoy, 55-15 Little Neck Parkway, Little Neck, Borough of Queens, City of New York 11362, received.

(This location is to be serviced by a mobile branch facility on a periodic basis.)

The comment period for this item will expire on July 14, 2008.


June 30, 2008 (SB-CRB)
PATHFINDER BANK
214 West First Street, Oswego, NY 13126

Application dated June 25, 2008 for permission to open and occupy a branch office at 6194 State Route 31, Town of Cicero, Onondaga County, NY 13039, received.

The comment period for this item expires on July 14, 2008.


June 30, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Application dated June 26, 2008 for permission to open and occupy a branch office in the greater metropolitan area of Toronto, Canada, received.

The comment period for this item will expire on July 14, 2008.


June 30, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notice of intention to establish an electronic facility (automated teller machine) at The Hill School, 717 East High Street, Pottstown, Montgomery County, PA 19464, received.

The comment period for this item will expire on July 14, 2008.


July 1, 2008 (SF-LFS)
LEADERS FINANCIAL COMPANY
67 Walnut Avenue, Suite 100, Clark, Union County, NJ 07066

Application received for a license to engage in business as a sales finance company. 

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.


July 2, 2008 (TM-LFS)
Mr. JOSE TAVAREZ
4 Rockwood Terrace, New City, New York 10956

Application for the Superintendent’s prior approval for a change of control of Cibao Money Transmitting Corp., a licensed transmitter of money, pursuant to Article XIII-B of the Banking Law, Section 652-a, was received.

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.


July 2, 2008 (SF-LFS)
ENSPIRE FINANCE LLC
7887 E. Belleview Avenue, Suite 200, Englewood, CO 80111

Application for a license to engage in business as a sales finance company was received.

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.


June 25, 2008 (BP-LFS)
CONSUMER CREDIT COUNSELING SERVICE OF CENTRAL NEW YORK
500 South Salina Street, Suite 600, Syracuse, NY 13205
 
A notification was received for the relocation of its main office to 5794 Widewaters Parkway, 2nd Floor, Syracuse, NY 13202 from 500 South Salina Street, Suite 600, Syracuse, NY 13205.

The publication of receipt of this notification does not indicate that the notification is deemed complete. A notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC D/B/A THE CHECK CASHING PLACE       
560 Sylvan Avenue, Englewood Cliffs, NJ, 07632-3119

An application was received for a license to engage in business as a licensed casher of checks at 350 Kings Highway, Brooklyn, NY 11223, in connection with the purchase of assets of Alivad Associates, Inc.

The publication of receipt of the application does not indicate that the application is deemed complete. The application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC D/B/A THE CHECK CASHING PLACE       
560 Sylvan Avenue, Englewood Cliffs, NJ, 07632-3119

An application was received for a license to engage in business as a licensed casher of checks at 3419 14th Avenue, Brooklyn, NY 11218, in connection with the purchase of assets of Alivad Associates, Inc.

The publication of receipt of the application does not indicate that the application is deemed complete. The application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

An application was received for a license to engage in business as a licensed casher of checks at 44 North Saw Mill River Road, Elmford, NY 10523 in connection with the purchase of assets of Prima Check Cashing, Inc.
 
The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

An application was received for a license to engage in business as a licensed casher of checks at 94 East 161st Street, New York, NY 10451 in connection with the purchase of assets of Prima Check Cashing, Inc.
 
The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

An application was received for a license to engage in business as a licensed casher of checks at 302 Lenox Avenue, New York, NY 10027 in connection with the purchase of assets of Prima Check Cashing, Inc.
 
The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


July 2, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

An application was received for a license to engage in business as a licensed casher of checks at 1740 First Avenue, New York, NY 10128 in connection with the purchase of assets of Prima Check Cashing, Inc.
 
The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any public response is to be given within ten business days.


Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:

June 26, 2008 (BR-MBD)
Applicant(s)
Eric David Christopherson
Zuzana Paduano
As: Allegro Funding Corp.
7700 Square Lake Boulevard, Jacksonville, FL 32256

July 01, 2008 (BR-MBD)
Applicant(s)
Marcia Goldberg
As: Positive Mortgage, Inc.
551 Fifth Avenue, Suite 514, New York, NY 10176


SECTION II

May 7, 2008 (CC- LFS)
NY COMMUNITY FINANCIAL, LLC D/B/A THE CHECK CASHING PLACE
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

A license was issued to engage in business as a licensed casher of checks, as a result of the purchase of the business assets of Lords & Nid’s Check Cashing Services, Inc. located at 25-59 Steinway Street, Astoria, NY 11103.

In connection with the above license issuance, the original check casher license for 25-59 Steinway Street, Astoria, NY 11103 was surrendered.


June 19, 2008 (BP-LFS)
GREENPATH, INC. D/B/A GREENPATH DEBT SOLUTIONS
38505 Country Club Drive, #210, Farmington Hills, MI 48331

A license was issued to operate as a budget planner at 175 Remsen Street, Suite 1102, Brooklyn, NY 11201.


June 26, 2008 (TR-FWB)
THE BANK OF NEW YORK
One Wall Street, New York, NY 10005
BNY MELLON INTERIM INSTITUTIONAL NATIONAL BANK (IN FORMATION)
One Mellon Center, 500 Grant Street, Pittsburgh, PA 15219

Application, pursuant to Section 601 of the Banking Law, to merge BNY Mellon Interim Institutional National Bank (in formation) with and into The Bank of New York under the name The Bank of New York Mellon, approved by the Superintendent of Banks.


June 26, 2008 (TR-FWB)
THE BANK OF NEW YORK
One Wall Street, New York, NY 10005
THE DREYFUS TRUST COMPANY
144 Glenn Curtiss Boulevard, Uniondale, NY 11556
MELLON SECURITIES TRUST COMPANY
One Wall Street, New York, NY 10005

Applications, pursuant to Section 601 of the Banking Law, to merge The Dreyfus Trust Company and Mellon Securities Trust Company with and into The Bank of New York under the name The Bank of New York Mellon, approved by the Superintendent of Banks.


June 30, 2008 (TM-LFS)
OMNEX GROUP, INC.
580 Sylvan Avenue, Suite M-A, Englewood Cliffs, NJ 07632

License issued as a result of a change of location from 1 Spectrum Pointe Drive, Suite 100, Lake Forest, CA 92630.

In connection with the above, the original license for 1 Spectrum Pointe Drive, Suite 100, Lake Forest, CA 92630 was surrendered.


July 1, 2008 (TM-LFS)
BB MONEY TRANSFERS, INC.
600 Fifth Avenue, New York, NY 10020.

Application for a license to engage in business as a transmitter of money, approved.


July 2, 2008 (TR-FWB)
MELLON TRUST OF NEW YORK, LLC
200 Park Avenue, New York, NY 10166

Mellon Trust of New York, LLC merged with and into Mellon New York Interim National Bank, New York, New York, as of 12:01 a.m., July 1, 2008.  (Immediately thereafter, Mellon New York Interim National Bank merged with and into BNY Mellon, National Association (Formerly Mellon Bank, N.A.).


July 2, 2008 (TR-FWB)
THE BANK OF NEW YORK MELLON
One Wall Street, New York, NY 10005
BNY MELLON INTERIM INSTITUTIONAL NATIONAL BANK
One Mellon Center, 500 Grant Street, Pittsburgh, PA 15219

The Superintendent of Banks has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 12:01 a.m., July 1, 2008, an Agreement and Plan of Merger, dated as of June 19, 2008, and other required documents, providing for the merger of BNY Mellon Interim Institutional National Bank with and into The Bank of New York, under the name of The Bank of New York Mellon.

The following banking offices of BNY Mellon Interim Institutional National Bank have become branch offices of The Bank of New York Mellon:

  1. 135 Santilli Highway, Everett, Middlesex County, Massachusetts 02149;

  2. 121 East Main Street, Ligonier, Westmoreland County, Pennsylvania 15658;

  3. 201 King of Prussia Road, Radnor, Delaware County, Pennsylvania 19087;

  4. 500 Grant Street, Pittsburgh, Allegheny County, Pennsylvania 15219; and

  5. 95 Wellington Street West, Toronto, Ontario, Canada.

July 2, 2008 (TR-FWB)
THE BANK OF NEW YORK MELLON
One Wall Street, New York, NY 10005
THE DREYFUS TRUST COMPANY
144 Glenn Curtiss Boulevard, Uniondale, NY 11556
MELLON SECURITIES TRUST COMPANY
One Wall Street, New York, NY 10005

The Superintendent of Banks has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 12:01 a.m., July 1, 2008, Agreements and Plans of Merger, dated as of June 25, 2008, and other required documents, providing for the mergers of Mellon Securities Trust Company and The Dreyfus Trust Company with and into The Bank of New York, under the name of The Bank of New York Mellon.


Certificate issued to engage in the business as a Mortgage Broker under Article 12-D of the New York State Banking Law:

June 30, 2008 (BR-MBD)
L.K. Funding Inc.
135 West 120th Street, Ground Floor, New York, NY 10027


Certificate issued to engage in the business as a Mortgage Broker Branch under Article 12-D of the New York State Banking Law:

June 30, 2008 (BR-MBD)
Full Service Branch
Citi Express Funding Inc.
131-21 Liberty Avenue, Suite #2, Richmond Hill, NY 11419

June 30, 2008 (BR-MBD)
Full Service Branch
James Joseph Oolut D/B/A Able Mortgage
13401 S.W. Freeway, #201, Sugar Land, TX 77478

June 30, 2008 (BR-MBD)
Full Service Branch
Empire Equity Group, Inc. D/B/A 1st Metropolitan Mortgage
660 Kinderkamack Road, Suite 204, Oradell, NJ 07649

June 30, 2008 (BR-MBD)
Full Service Branch
Primerica Financial Services Home Mortgages, Inc.
514 Main Street, Suite 201, New Rochelle, NY 10801

June 30, 2008 (BR-MBD)
Full Service Branch
Primerica Financial Services Home Mortgages, Inc.
147 Main Street, Suite 7, Lodi, NJ 07644


License issued to engage in the business as a Mortgage Banker Branch under Article 12-D of the New York State Banking Law:

June 30, 2008 (MB-MBD)
Full Service Branch
Wall Street Mortgage Bankers Ltd. DBA Power Express
5301 North Federal Highway, Boca Raton, FL 33487

June 30, 2008 (MB-MBD)
Full Service Branch
Lend-Mor Mortgage Bankers Corp. D/B/A Lend-Mor Funding
1111 Route 110, Suite 224, Farmingdale, NY 11735


Application approved pursuant to Section 590(5-a) of the New York State Banking Law to act as an FHA Mortgage Loan Correspondent:

June 26, 2008 (BR-MBD)
Prime Time Mortgage Corp.
275 Route 22 East, Springfield, NJ 07081 3554


Certificate to engage in the business of a Mortgage Broker surrendered:

June 26, 2008 (BR-MBD)
Northgate Real Estate& Development Inc DBA Northgate Funding Co.
125 Wolf Road, Suite 504, Albany, NY 12205
Effective Date: March 31, 2008

June 30, 2008 (BR-MBD)
Joan Schulich DBA Equity Transfer Company
35 West Byrdcliffe Road, Woodstock, NY 12498
Effective Date: June 19, 2008

June 30, 2008 (BR-MBD)
George Goldman, Jr. DBA Emerald Funding Enterprises
281 Main Street, Northport, NY 11768
Effective Date: June 20, 2008

June 30, 2008 (BR-MBD)
Pinnacle Assistance Corp.
585 N. Hamilton Avenue, Lindenhurst, NY 11757
Effective Date: June 27, 2008

June 30, 2008 (BR-MBD)
James Sullivan
1913 Deer Park Avenue, Deer Park, NY 11729
Effective Date: June 20, 2008

June 30, 2008 (BR-MBD)
Eden Mortgage Corp
100 Broadhollow Road, Suite 307, Farmingdale, NY 11735 4813
Effective Date: May 27, 2008

June 30, 2008 (BR-MBD)
Goldstar Financial Corp.
95-16 101 Avenue, First Floor, Ozone Park, NY 11416
Effective Date: June 24, 2008

June 30, 2008 (BR-MBD)
Express Home Mortgage, Inc.
76 South Orange Avenue, Suite 206, South Orange, NJ 07079
Effective Date: June 23, 2008

June 30, 2008 (BR-MBD)
Funding Made Easy, Inc.
8780 East McKellips Road, #246, Scottsdale, AZ 85257
Effective Date: June 24, 2008

June 30, 2008 (BR-MBD)
AMT Assets, Inc.
45-07 189th Street, Flushing, NY 11358 3428
Effective Date: June 27, 2008

June 30, 2008 (BR-MBD)
Northwood Group, LLC
420 Columbus Avenue, Suite 301, Valhalla, NY 10595 1305
Effective Date: June 25, 2008

June 30, 2008 (BR-MBD)
Charter Oak Funding Group In Lieu of True Name One Source Mortgage, LLC
188 Main Street, Suite G, Monroe, CT 06468 1149
Effective Date: June 25, 2008

June 30, 2008 (BR-MBD)
United Borrowing Solutions Inc.
100 Broadhollow Road, Suite 100, Farmingdale, NY 11735
Effective Date: June 27, 2008


License to engage in the business of a Mortgage Banker surrendered:

June 30, 2008 (MB-MBD)
Bear Stearns Residential Mortgage Corporation D/B/A
Additional DBA(S): Bravo Credit
9201 East Mountain View Road, 2nd Floor, Scottsdale, AZ 85258 5199
Effective Date: June 20, 2008


Certificate to engage in the business of a Mortgage Broker Branch surrendered:

June 26, 2008 (BR-MBD)
Full Service Branch
Northgate Real Estate& Development Inc DBA Northgate Funding Co.
69 Channingville Road, Wappingers Falls, NY 12590
Effective Date: March 31, 2008

June 26, 2008 (BR-MBD)
Full Service Branch
Northgate Real Estate& Development Inc DBA Northgate Funding Co.
723 Westwood Drive, Herkimer, NY 13350
Effective Date: March 31, 2008

June 26, 2008 (BR-MBD)
Full Service Branch
Northgate Real Estate& Development Inc DBA Northgate Funding Co.
1 Bent Hollow Road, Clifton Park, NY 12065
Effective Date: March 31, 2008

June 26, 2008 (BR-MBD)
Full Service Branch
Northgate Real Estate& Development Inc DBA Northgate Funding Co.
113 Mountain Road, New Paltz, NY 12561
Effective Date: March 31, 2008

June 27, 2008 (BR-MBD)
Full Service Branch
Grazyna Feld D/B/A President Capital Funding
534 Old Country Road, Plainview, NY 11803
Effective Date: June 16, 2008

June 30, 2008 (BR-MBD)
Full Service Branch
Carteret Mortgage Corporation
2101 Gwynn Oak Avenue, Baltimore, MD 21207
Effective Date: June 30, 2008

June 30, 2008 (BR-MBD)
Full Service Branch
Eden Mortgage Corp
91 Carleton Avenue, Islip Terrace, NY 11752
Effective Date: May 27, 2008

June 30, 2008 (BR-MBD)
Full Service Branch
Funding Made Easy, Inc.
327 Heath Terrace, #2, Buffalo, NY 14223
Effective Date: June 24, 2008

June 30, 2008 (BR-MBD)
Full Service Branch
Carteret Mortgage Corporation
114 Canal Street, Suite D, New Smyrna Beach, FL 32168
Effective Date: June 30, 2008

June 30, 2008 (BR-MBD)
Full Service Branch
Funding Made Easy, Inc.
34 South Irwinwood Road, Lancaster, NY 14086
Effective Date: June 24, 2008


License to engage in the business of a Mortgage Banker Branch surrendered:

June 26, 2008 (MB-MBD)
Full Service Branch
Precision Financial, Inc.
3000 Lincoln Drive East, Marlton, NJ 08053
Effective Date: June 25, 2008

June 26, 2008 (MB-MBD)
Full Service Branch
Precision Financial, Inc.
73-09 88th Street, Glendale, NY 11358
Effective Date: June 25, 2008

June 30, 2008 (MB-MBD)
Full Service Branch
Bear Stearns Residential Mortgage Corporation
Additional DBA(S): Bravo Credit
2780 Lake Vista Drive, Lewisville, TX 75067
Effective Date: June 20, 2008

June 30, 2008 (MB-MBD)
Full Service Branch
Bear Stearns Residential Mortgage Corporation
Additional DBA(S): Bravo Credit
9165 East Del Camino, 1st Floor, Scottsdale, AZ 85258
Effective Date: June 20, 2008

June 30, 2008 (MB-MBD)
Full Service Branch
Bear Stearns Residential Mortgage Corporation
Additional DBA(S): Bravo Credit
1833 Alton Parkway, Irvine, CA 92606
Effective Date: June 20, 2008


Subsequent to a hearing conducted on March 6, 2008, the following company's Mortgage Broker registration was permanently revoked on May 27, 2008. The Superintendent found 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 20, 2008, after the extended deadline of April 27, 2007.

June 27, 2008 (BR-MBD)
Dexter Aird D/B/A The Mortgage Tree
312 Waverly Avenue, Brooklyn, NY 11205
Effective Date: May 27, 2008


Subsequent to a hearing conducted on February 6, 2008, the following company's Mortgage Broker registration was permanently revoked on June 13, 2008. The Superintendent found 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 September 7, 2007, after the extended deadline of April 27, 2007.

June 27, 2008 (BR-MBD)
Eselyn J. Nembhard DBA Emerald Mortgages & Financial Services
140 Stevens Avenue, Mount Vernon, NY 10550
Effective Date: June 13, 2008


Subsequent to a hearing conducted on March 6, 2008, the following company's Mortgage Banker license was permanently revoked on May 27, 2008. The Superintendent found 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 has not submitted a Volume of Operations Report for the 2006 calendar year.

July 01, 2008 (MB-MBD)
Act Lending Corporation D/B/A Act Mortgage Capital         
481 Sawgrass Corporate Parkway, Sunrise, FL  33325
Effective Date: May 27, 2008


The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:

June 26, 2008 (BR-MBD)
Limestone Capital Corporation, Inc.
5300 Memorial Drive, Suite 201E, Stone Mountain, GA 30083

June 26, 2008 (BR-MBD)
V & J Consultants Ltd.
639 North Railroad Avenue, Staten Island, NY 10304

June 27, 2008 (BR-MBD)
Atlantic Equity Solutions, Inc.
1044 Franklin Avenue, Garden City, NY 11530 2908

June 27, 2008 (BR-MBD)
M.E.M. Financial Solutions In Lieu of True Name The Lending Factory, Inc.
150 Warren Street, Glens Falls, NY 12801

June 30, 2008 (BR-MBD)
Hudson Valley Funding of Poughkeepsie Inc.
228 Myers Corners Rd., PO Box 1299
Wappingers Falls, NY 12590 8299

June 30, 2008 (BR-MBD)
Frank C Madonna
2941A Bruckner Blvd., Bronx, NY 10461

July 01, 2008 (BR-MBD)
First National Financial Corp.
Hauppauge Atrium West; 400 Town Line Rd., Ste.110, Hauppauge, NY 11788

July 01, 2008 (BR-MBD)
The Maldo Group, Inc. D/B/A South Coast Funding
641 Yonkers Avenue, Yonkers, NY 10704

July 01, 2008 (BR-MBD)
JJPB Properties, LLC
Americas Trusted Mortgage
44 Wall Street, 10th Floor, New York, NY 10005

July 01, 2008 (BR-MBD)
Inner-City Mortgages, Inc.
1865 Flatbush Avenue, Brooklyn, NY 11210

July 01, 2008 (BR-MBD)
The Franklin Financial Corporation of America Inc.
332 Franklin Avenue, Franklin Square, NY 11010


Mortgage Broker Certificate Address Changes:

July 01, 2008 (BR-MBD)
Michael Chan Brokerage Inc.
From: 6909 Fort Hamilton Parkway, Brooklyn, NY 11228
To: 6906 Fort Hamilton Parkway, Brooklyn, NY 11228

July 01, 2008 (BR-MBD)
Stratpro Limited
From: 500 Fifth Avenue - Suite 1550, New York, NY 10110
To: 1212 Avenue of the Americas, 16th Floor, New York, NY 10036

July 01, 2008 (BR-MBD)
First Quality Capital Corporation
From: 3820 Nostrand Avenue, Suite 103, Brooklyn, NY 11235
To: 5 Windham Loop, Apt. 5C, Staten Island, NY 10314


Mortgage Banker License Address Changes:

July 01, 2008 (MB-MBD)
CUC Mortgage Corporation
From: 19 British American Blvd., Latham, NY 12110
To: 1021 Watervliet-Shaker Road, Albany, NY 12205


THERE WILL BE NO SECTION III THIS WEEK.