Regulatory Alerts2025-08-01
Added · Updated
Consent Order Imposing Sanctions on Extreme Loans LLC and Control Persons
Extreme Loans LLC is barred from acting as a mortgage lender, correspondent lender, or broker in Connecticut for ten years, and its license is surrendered. Ryan Saad Qarana is permanently barred from acting as a control person, qualified individual, branch manager, or mortgage loan originator in Connecticut, with the bar potentially lifted after ten years at the Commissioner's discretion. Zack Jabro is barred from acting as a control person, qualified individual, branch manager, or mortgage loan originator in Connecticut for ten years. These sanctions result from failures to timely disclose prior FDIC orders on NMLS forms and material misstatements.
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