Regulatory Alerts2017-09-08
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Bulletin 2794 - September 8, 2017
The Connecticut Department of Banking issued an Order of Summary Suspension and Temporary Order to Cease and Desist against REF Mortgage Capital Inc. and Robert Ernest Fiala for allegedly improperly altering loan documents in violation of Connecticut General Statutes. The Commissioner revoked their respective mortgage broker and loan originator licenses and imposed civil penalties, citing public safety and welfare as grounds for emergency action. The Respondents were afforded an opportunity to request a hearing regarding these allegations within ten days of the bulletin's publication.
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