Consent Order Regarding MLD Mortgage, Inc. DBA The Money Store

CONSENT ORDER

IN THE MATTER OF: * MLD MORTGAGE, INC. DBA • THE MONEY STORE, AND * MORTGAGE LENDING DIRECT * NMLS# 1019 * ("MLD") *

WHEREAS, MLD Mortgage, Inc. (hereinafter "MLD"), d/b/a The Money Store, and d/b/a Mortgage Lending Direct, was incorporated August 18, 2000 in the State of New Jersey and is licensed as a mortgage broker or lender under the laws of the various state mortgage regulators; WHEREAS, MLD maintains its corporate headquarters at 30 B Vreeland Road, Florham Park, New Jersey, which is its principal place of business; WHEREAS, the Alabama State Banking Department; the Arizona Department of Financial Institutions; the Connecticut Department of Banking; the Georgia Department of Banking and Finance; the Massachusetts Division of Banks; the Nevada Division of Mortgage Lending; the New Jersey Department of Banking and Insurance; the North Carolina Office of the Commissioner of Banks; the Ohio Department of Financial Institutions; the Oklahoma Department of Consumer Credit; the Oregon Division of Financial Regulation; and the South Carolina Board of Financial Institutions (hereinafter referred to as the "State Mortgage Regulators") are members of the Conference of State Bank Supervisors ("CSBS") and have agreed to address enforcement concerns with MLD in a coordinated manner, working through its Multi•State Mortgage Committee in the interest of economy of time and resources for its members and MLD; WHEREAS, the States of Alabama, Arizona, Connecticut, Georgia, Massachusetts, Nevada, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, and South Carolina (hereinafter referred to as "the Participating States") have agreed, through their respective regulatory agencies, to negotiate and enter into this Settlement Agreement and Order (hereinafter the "Agreement"); WHEREAS, MLD has represented to the State Mortgage Regulators that it has implemented corrective action to address findings of the Multi-State Examination; WHEREAS. on October 26, 2015, the State Mortgage Regulators commenced a Multi-State Examination of MLD, covering the period of September I, 2013 to August 31, 2015, the scope of which was to evaluate MLD for compliance with federal and state lending laws, financial adequacy, and effectiveness and efficiency of operations; WHEREAS, the State Mortgage Regulators conducted that Multi-State Examination pursuant to 1 4P