Regulatory Alerts2024-02-29
Pennsylvania Department of Banking and Securities Order to Cease and Desist Against Daniel Boyle
The Pennsylvania Department of Banking and Securities issued an Order to Cease and Desist against Daniel Boyle for engaging in the mortgage loan business without the required license under the Mortgage Licensing Act. The order mandates that Boyle immediately stop soliciting, negotiating, originating, or servicing mortgage loans in Pennsylvania until he obtains proper licensure. Boyle is afforded the right to request a hearing within 14 days of the order's issuance, after which the order becomes final and subject to appeal to the Pennsylvania Commonwealth Court.
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