Regulatory Alerts2026-07-14
Added · Updated
Final Order — Loan Originator
The Office of Financial Regulation approves a Stipulation and Consent Agreement resolving allegations that Chau Phan acted as an unlicensed loan originator and PC Mortgage, Inc. received unearned fees in violation of Florida Statutes and RESPA. The Respondents are required to pay an administrative fine of $3,000 upon execution of the agreement and must cease and desist from future violations of chapter 494, Florida Statutes. The order concludes the administrative matter and waives the Respondents' rights to a hearing or further contestation of the findings.
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