Regulatory Alerts2021-04-16
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Bulletin 2982 - April 16, 2021
The Banking Commissioner issued findings of fact, conclusions of law, and an order against 1st Alliance Lending, LLC regarding violations of Connecticut mortgage lending statutes. The order addresses allegations that the respondent employed unlicensed mortgage loan originators, failed to maintain required compliance policies, and provided false statements to the Department of Banking. This administrative action follows a prior license revocation due to the respondent's failure to obtain a statutorily required surety bond.
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