Regulatory Alerts2016-09-16
Added · Updated
Bulletin 2743 - September 16, 2016
The Connecticut Department of Banking entered into consent orders with American Neighborhood Mortgage Acceptance Company LLC, Hartford Community Loan Fund, Inc., and Americay Mortgage Corporation to resolve violations of the Consumer Credit Division Act. American Neighborhood paid a $10,000 civil penalty and provided required bonds for operating as an unlicensed mortgage servicer, while Hartford Community Loan Fund paid a $500 penalty for failing to update its address with the Nationwide Multistate Licensing System. Americay Mortgage is required to adhere to a compliance plan and file timely, accurate, and complete mortgage call reports after failing to submit required annual information.
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