Regulatory Alerts2024-12-27
Added · Updated
Consent Order Imposing Sanctions on Central Mortgage Funding, LLC and Kevin Kajy
Central Mortgage Funding, LLC must pay a $50,000 civil penalty, withdraw its pending mortgage lender license application, and surrender its mortgage correspondent lender license in Connecticut. Kevin Kajy, the entity's managing member, must surrender his Connecticut mortgage loan originator license. These sanctions resolve allegations that the company failed to comply with a prior consent order, submitted inaccurate regulatory reports, and made false statements regarding its mortgage activities.
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