Regulatory Alerts2026-05-19
Cliffside Investors, LLC Order for Unlicensed Mortgage Lending
The Pennsylvania Department of Banking and Securities issued an order against Cliffside Investors, LLC for engaging in the mortgage lending business without the required license. The settlement requires Cliffside to pay a $2,500 fine and transfer unlicensed Pennsylvania mortgage loans to a licensed entity within 120 days. Cliffside voluntarily consented to these terms, waiving its right to a hearing or appeal regarding the violations of the Mortgage Licensing Act.
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