Regulatory Alerts2026-05-14
Added · Updated
Final Order Against Shabber Rahman d/b/a State Street Home Loans
The Florida Office of Financial Regulation issued a Final Order against Shabber Rahman d/b/a State Street Home Loans for operating as an unlicensed loan broker and collecting advance fees in violation of Chapter 687, Florida Statutes. Rahman failed to respond to the administrative complaint within the required twenty-one-day period, thereby waiving his right to a hearing. The Order mandates that Rahman pay a $25,000 administrative fine and cease and desist from further violations of the statute.