Skip to Content

Translate | Disclaimer

New York State Department of Financial Services

Weekly Bulletin

October 14, 2011

SECTION I
This section records the receipt of applications and notices to the Banking Division of the Department of Financial Services.   Applications and notices received by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of receipt; applications and notices received by Mortgage Banking 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 DEPARTMENT.
Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the 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 Office of the General Counsel, New York State Department of Financial Services, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to Comments@dfs.ny.gov.

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

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 unit of the Department 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
PF = 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 = Mortgage Servicer
MI = Miscellaneous

Regulatory Unit Codes

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

SECTION l

October 11, 2011 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Application dated October 5, 2011 for permission to change the location of branch office from 1024 Gates Avenue, Borough of Brooklyn, City of New York 11221 to 1268 Broadway, Borough of Brooklyn, City of New York 11221, received.


October 11, 2011 (PF-LFS)
MONTHLY PREMIUM CORP. LLC
333 Earle Ovington Boulevard, #902, Mitchell Field, NY 11553

Notification was received for a change of location to 68 South Service Road, Suite 210, Melville, NY 11747.

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 applicant.


October 13, 2011(CC-LFS)
KENNETH RUBERO
1209 West 233rd Street, Bronx, NY 10466

An Application was received for the Superintendent’s prior approval of a change of control of Baychester Payment Center, LLC, Bronx, NY a licensed casher of checks.

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 comments or objections should be submitted in writing, within ten business days, by October 28, 2011.


October 14, 2011 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC U/A/N THE CHECK CASHING PLACE
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

An application was received for a license to engage in business as a licensed casher of checks in connection with the purchase of certain assets of 5 East 41 Check Cashing Corp. at 318 Third Avenue, New York, NY 10010.

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 comments or objections should be submitted in writing, within ten business days, by October 28, 2011.


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

October 07, 2011 (BR-MBD)
Applicant(s)
John H. De Los Santos
Shirley V. De Los Santos
Mirachelle V. De Los Santos-Alvarez
As: Citizens Mortgage Corporation
26-01 Pellack Drive, Fairlawn, NJ 07410


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

October 13, 2011 (MLS-MBD)
Applicant(s)
James J. Healan
Robert W. Meachum, Sr.
Larry R. Spangler, Jr.
Stephen A. Staid
SCI Services, Inc.
As: Saxon Mortgage Services, Inc.
4700 Mercantile Drive North, Fort Worth, TX 76137


Application to establish a Mortgage Loan Servicer’s Branch received for examination:

October 13, 2011 (MLS-MBD)
Full Service Branch
Saxon Mortgage Services, Inc.
3701 Regent Blvd, Suite 200, Irving, TX 75063


Article 12-E Applications received. Individuals listed may not engage in mortgage loan origination activities prior to the approval of their application for licensing.   They must  also complete all required education, testing and bonding requirements by the dates set forth in Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.

Date of Application

NMLS ID

Name of Applicant

City & State of Residence

November 6, 2009

196809

Wladyslawa Anna Wroblewski

East Islip

NY

May 27, 2010

298086

Keith Andrew Debonis

Clifton

NJ

September 13, 2010

21749

Gabriela Dagmara Slazak

Mount Laurel

NJ

January 3, 2011

368556

Mehrdad Pourlavian

Queens

NY

June 13, 2011

61508

Steven C Rayment

Saugerties

NY

June 22, 2011

13250

Dolores Sullivan

Chatham

NJ

August 16, 2011

9251

Michael Christopher Hild

Richmond

VA

August 17, 2011

797172

Jane A. Borbee

Scotia

NY

August 18, 2011

27980

Michael Steven Reiger

Canton

MI

August 31, 2011

713734

Andrew Cassidy Moore

Cleveland

OH

October 7, 2011

807107

Kathryn Christine Scalzo

Rochester

NY

October 11, 2011

192738

Marc Stephen Sparozic

Carmel

NY


SECTION II

June 16, 2011 (FB-FWB)
BANK OF TAIWAN
No. 120, Sec.1, Chongcing South Road, Jhongjheng District, Taipei City 10007, Taiwan

License issued, effective October 10, 2011, to establish and maintain a branch at 100 Wall Street, New York, NY 10005.  This license is issued in connection with the conversion of its New York Agency to a New York Branch at the same location, pursuant to Section 202-g of the Banking law.


October 7, 2011 (FB-FWB)
BANCA POPOLARE DI VICENZA S.C.P.A.
Via Battaglione Framarin, 18  36100 Vicenza Italy

Application for a license to establish and maintain a representative office at 595 Madison Avenue, in the Borough of Manhattan, City of New York, approved.


October 7, 2011 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, NY 14901

Bulletin item dated September 9, 2011, which appeared in the Weekly Bulletin dated September 16, 2011, advising of the approval of an application for permission to change the location of branch office from 145 Wolf Road, Town of Colonie, Albany County, NY 12205 to 85 Wolf Road, Town of Colonie, Albany County, NY 12205, is amended to read as follows:

Approval given to change the location of branch office from 145 Wolf Road, Town of Colonie, Albany County, NY 12205 to 65 Wolf Road, Town of Colonie, Albany County, NY 12205, on or after October 8, 2011.
___________________________________________________________________________

October 11, 2011 (BP-LFS)
GREENPATH, INC. U/A/N GREENPATH DEBT SOLUTIONS
36500 Corporate Drive, Farmington Hills, MI 48331

The notification of a consolidation and relocation of GreenPath, Inc.’s Headquarters and call center operations from 38505 Country Club Drive, Suite 210, Farmington Hills, MI 48331 and 27555 Farmington Road, Suite 200, Farmington Hills, MI 48334, respectively, was approved.


October 11, 2011 (SF-LFS)
SERVICE FINANCE HOLDINGS, LLC
555 South Federal Highway, Suite 200, Boca Raton, Palm Beach County, FL 33432

Application was approved for a change of control of Service Finance Company, LLC U/A/N Finance Service Company, to reflect the transfer of 99.60% of company stock to Service Finance Holdings, LLC; 0.20% to Mark E. Berch; and 0.20% to Ian M. Berch.


October 11, 2011 (TM-LFS)
THE WESTERN UNION COMPANY
12500 East Belford Avenue, Englewood, CO 80112

Application for the Superintendent’s prior approval of an indirect change of control of Travelex Global Business Payments, Inc. located at 1152 15th Street NW, Washington, DC 20005 has been approved. 


October 13, 2011 (CC-LFS)
BELAIR PAYROLL SERVICES, INC.
159-17 Northern Boulevard, Flushing, NY 11358-1636

July 28, 2011 Order of Suspension against Belair Payroll Services, Inc., pursuant to Section 373(2) of the Banking Law, for a period not to exceed 90 days (i.e., from July 28, 2011 through October 28, 2011), extended by stipulation of Belair Payroll Services, Inc. for a period not to exceed 30 days (i.e., November 28, 2011)

  • 159-17 Northern Boulevard, Flushing, NY 11358-1636
  • 134-10A Guy R. Brewer Boulevard, Jamaica, NY 11434
  • 206-01 Hollis Avenue, Queens Village, NY 11429
  • 207-14 Northern Boulevard, Bayside, NY 11361
  • 87-12 Rockaway Beach Boulevard, Rockaway Beach, NY 11693

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

October 11, 2011 (BR-MBD)
Property Funding Group, Ltd.
425 Northern Blvd., Suite 20, Great Neck, NY 11021
Effective Date: September 29, 2011

October 12, 2011 (BR-MBD)
Westcoast Mortgage Group and Realty Company
2716 Broadway, Sacramento, CA 95818
Effective Date: October 12, 2011


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

October 06, 2011 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
1850 Gateway Boulevard, Suite 240, Concord, CA 94520
Effective Date: October 04, 2011

October 06, 2011 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
5221 North O'Connor Boulevard, Suite 900, Irving, TX 75039
Effective Date: October 04, 2011

October 11, 2011 (MB-MBD)
Full Service Branch
NJ Lenders Corp. d/b/a Home Owners Mortgage Express
Additional DBA(S): Coastal Lenders
Silver Bay Lending
227 Route 206, Bldg. 1, 1st Floor, Flanders, NJ 07836
Effective Date: October 06, 2011

October 12, 2011 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Senior Funding Group
329 Hempstead Turnpike, West Hempstead, NY 11552
Effective Date: October 11, 2011

October 12, 2011 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Senior Funding Group
700 Veterans Memorial Highway, 1st Fl., Suite 100, Hauppauge, NY 11788
Effective Date: October 07, 2011


Mortgage Broker Certificate Address Changes:

October 12, 2011 (BR-MBD)
Corey M. Langus D/B/A Cross County Funding Co.
From: 30 Glenn Street, Suite 407, White Plains, NY 10603
To: 30 Glenn Street, Suite 203, White Plains, NY 10603 3252


Mortgage Banker License Address Changes:

October 07, 2011 (MB-MBD)
US Mortgage Corporation DBA Mortgage Concepts
From: 4170 Veterans Memorial Hwy. Ste 201, Bohemia, NY 11716
To: 201 Old Country Road, Suite 140, Melville, NY 11747 2731


The following mortgage brokers are no longer New York State approved FHA Mortgage Loan Correspondents and may no longer originate loans as such:

October 11, 2011 (BR-MBD)
Fort Funding Corp.
7016 Fort Hamilton Parkway, Brooklyn, NY  11228

October 12, 2011 (BR-MBD)
Money Capital Corp
1111 Route 110, Suite 354, East Farmingdale, NY  11735


About DFS

Contact DFS

Reports & Publications

Licensing

Laws and Regs

Connect With DFS

DFS Facebook page

Follow NYDFS on Twitter