Final Order — Loan Originator

Index: OFR 2026 - 234
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
J JAX MORTGAGE CORP and
LOUIS JULMIS, JR.,
Respondents.
Case Number: 126179
FINAL ORDER
The State of Florida, Office of Financial Regulation ("Office"), being authorized and directed to administer and enforce chapter 494, Florida Statutes, hereby enters this Final Order with Notice of Rights ("Final Order") as authorized by the provisions of chapters 120 and 494, Florida Statutes, against J J A X MORTGAGE CORP and LOUIS JULMIS, JR., ("Respondents"). FINDINGS OF FACT

1. The Office has jurisdiction over the subject matter of this case and the parties
   hereto.

2. At all times material to this case, Respondents were licensed in Florida as a
   mortgage broker with license number MBR2753.

3. The Office conducted an examination (No. 123257) to ascertain Respondents'
   compliance with chapter 494, Florida Statutes, and found that grounds existed to initiate legal action. As a result, on March 13, 2026, the Office issued an Administrative Complaint against Respondents, alleging violations of chapter 494, Florida Statutes, seeking an administrative fine of Three Thousand Five Hundred Dollars ($3,500.00). (Exhibit A).

4. The Complaint contained a Notice of Rights, which fully advised Respondents that
   they had twenty-one (21) days after the receipt of the Administrative Complaint within which to petition the Office for an administrative hearing to contest the allegation set forth in the Complaint, in accordance with sections 120.59 and 120.57, Florida Statutes, including the following information:
   TO PRESERVE THE RIGHT TO A HEARING, A WRITTEN
   RESPONSE MUST BE FILED WITH THE OFFICE OF
   FINANCIAL REGULATION WITHIN TWENTY-ONE (21)
   DAYS AFTER THE RECEIPT OF THE ADMINISTRATIVE
   COMPLAINT. SAID RESPONSE MUST BE RECEIVED BY
   THE OFFICE NO LATER THAN 5:00 P.M. ON THE TWENTY￾FIRST DAY AFTER THE RECEIPT OF THE ADMINISTRATIVE COMPLAINT. A FAILURE TO TIMELY RESPOND IN WRITING WILL CONSTITUTE A W AIYER OF THE LICENSEE'S RIGHT TO REQUEST A HEARING AND A FINAL ORDER MAY BE ENTERED WITHOUT FURTHER NOTICE.

5. Respondents were served the Administrative Complaint via U.S. Certified Mail on
   March 19, 2026. (Exhibit B). A response was due no later than Thursday, April 9, 2026. To date, the Office has neither received a written response to the Administrative Complaint nor have Respondents made a claim of equitable tolling.

6. The Findings of Fact alleged in the Administrative Complaint are hereby
   incorporated by reference and adopted as Findings of Fact in this Final Order. CONCLUSIONS OF LAW

7. Pursuant to sections 494.0011 and 494.0012, Florida Statutes, the Office is charged
   with administering and enforcing the provisions of chapter 494, Florida Statutes, and conducting examinations and investigations to determine whether any provision of chapter 494, Florida Statutes, has been violated. Thereby, the Office has jurisdiction over the subject matter of this case and of the parties hereto. 2

8. The Findings of Fact herein serve as the basis of the entry of this Final Order against
   Respondents.

9. Section 120.569(2)(a), Florida Statutes, and Rule 28-106.1 I I (2), Florida
   Administrative Code, require, among other things, that a response or a petition to an action which affects the substantial interests of a party be filed with the agency within 21 days of receipt of written notice of the action.

10. Section I 20.569(2)( c ), Florida Statutes, provides that a petition for hearing shall be
    dismissed if it has been untimely filed (not within 21 days).

11. Pursuant to Rule 28-106.111(4), Florida Administrative Code, the failure of
    Respondents to timely respond to the Complaint constitutes a waiver of Respondent's right to an administrative proceeding.

12. The doctrine of equitable tolling can be applied in administrative cases when a party
    has been misled or lulled into inaction, i.e., has in some extraordinary way, been prevented from asserting his rights, or has timely asserted his rights in the wrong forum. A1achules, v. Department of Admin., 523 So. 2d 1132 (Florida 1988).

13. Without any evidence of equitable tolling, it is appropriate for the Office to conclude
    there was none. Patz v. Dept. of Health, 864 So.2d 79, 80 (Fla. 3d DCA 2003).

14. When Respondents failed to submit a response to the Office on or before Thursday,
    April 9, 2026, Respondents did not timely file a petition or any other document in response to the Complaint. Respondents also presented no claim, or evidence of equitable tolling. Therefore, it is appropriate for the Office to conclude there was no equitable tolling and Respondents waived their right to an administrative proceeding.

15. Based on the Findings of Fact adopted herein, the Office concludes that
    Respondents violated the specific statutes and rules charged in the Complaint and, as such, the specific charges in the Complaint are adopted in this Final Order as Conclusions of Law. 3

16. The Findings of Fact and Conclusions of Law that form the basis for the Complaint,
    together with the waiver of a hearing by Respondents, constitute grounds for the Office to impose an administrative fine against J JAX MORTGAGE CORP. and LOUIS JULMIS, JR., of Three Thousand Five Hundred Dollars ($3,500.00). Based on the foregoing Findings of Fact and Conclusions of Law, it is hereby ORDERED:
    A. Within thirty (30) days of the docketing of this Final Order, Respondents shall pay an ADMINISTRATIVE FINE of Three Thousand Five Hundred Dollars ($3,500.00). B. Respondents shall submit the administrative fine in the form of a money order, cashier's check, or wire transfer made payable to the "OFFICE OF FINANCIAL REGULATION." Such payment shall reference Case Number 126179 and shall be sent to the attention of the Agency Clerk, c/o Damaris E. Reynolds, Post Office Box 8050, Tallahassee, Florida 32314-8050. DONE and ORDERED this Y.-{."'- day of May 2026, in Tallahassee, Leon County, Florida. Commissioner 4

NOTICE OF RIGHTS
A PARTY WHO IS ADVERSELY AFFECTED BY THIS FINAL ORDER IS ENTITLED TO JUDICIAL REVIEW PURSUANT TO SECTION 120.68, FLORIDA STATUTES. REVIEW PROCEEDINGS ARE GOVERNED BY THE FLORIDA RULES OF APPELLATE PROCEDURE. SUCH PROCEEDTNGS ARE COMMENCED BY FILING THE ORIGINAL NOTICE OF APPEAL WITH THE AGENCY CLERK FOR THE OFFICE OF FINANCIAL REGULATION AS FOLLOWS:
By Mail, Facsimile or Email
Agency Clerk
Office of Financial Regulation
Office of General Counsel
P.O. Box 8050
Tallahassee, FL 32314-8050
Phone: (850) 410-9889
Fax: (850) 410-9663
Email: Agency.Clerk@flofr.gov
OR By Hand Delivery
Agency Clerk
Office of Financial Regulation
Office of General Counsel
The Fletcher Building
101 East Gaines Street
Tallahassee, FL 32399
Phone: (850) 410-9889
A COPY OF THE NOTICE OF APPEAL, ACCOMPANIED BY THE FILING FEES AS REQUIRED BY LAW, MUST ALSO BE FILED WITH THE DISTRICT COURT OF APPEAL, FIRST DISTRICT, 2000 DRAYTON DRIVE, TALLAHASSEE, FLORIDA 32399-0950, OR WITH THE DISTRICT COURT OF APPEAL IN THE APPELLATE DISTRICT WHERE THE PARTY RESIDES. THE NOTICE OF APPEAL MUST BE FILED WITH BOTH THE AGENCY CLERK FOR THE OFFICE OF FINANCIAL REGULATION AND THE DISTRICT COURT OF APPEAL WITHIN 30 DAYS OF THE RENDITION OF THE ORDER TO BE REVIEWED. 5

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order was furnished by via email to: ljulmis@jjaxmortgage.com and via U.S. Certified Mail to: J Jax Mortgage Corp and Louis Julmis, Jr., 13737 NW 22nd Place, Sunrise, FL 33322 on this ~ ay of May, 2026. __ 9_489 0090 0027 6214 9312 11 6 lation -8050 erk@flofr.gov Tel: (850) 410-9889

Exhibit A
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
J JAX MORTGAGE CORP and
LOUIS JULMIS, JR.,
Case Number: 126179
Respondents.
ADMINISTRATIVE COMPLAINT
The State of Florida, Office of Financial Regulation, ("Office") files this Administrative Complaint against J J A X MORTGAGE CORP and LOUIS mLMIS, JR., (together "Respondents"), alleging:
GENERAL ALLEGATIONS

1. Pursuant to sections 494.0011 and 494.0012, Florida Statutes, the Office is
   charged with administering and enforcing the provisions of chapter 494, Florida Statutes, and conducting examinations and investigations to determine whether any provision of chapter 494, Florida Statutes, has been violated.

2. Section 494.00255(1 ), Florida Statutes, sets forth the acts that constitute grounds
   for which disciplinary action may be taken against a person licensed or required to be licensed under chapter 494, Florida Statutes.

3. Pursuant to section 494.00255(l)(u), Florida Statutes, failure to comply with any
   provision of chapter 494, Florida Statutes, or its corresponding rules, constitutes grounds for disciplinary action.

4. Pursuant to section 494.00255(2), Florida Statutes, the Office may impose
   penalties against a person it finds to be in violation of any act specified in section 494.00255, Florida Statutes; such penalties may include the revocation of a license and the imposition of a fine in an amount up to $25,000.00 for each count or separate offense.

5. Section 494.001 (23), Florida Statutes, defines a "mortgage broker" as an entity
   that, for compensation or gain, arranges or negotiates mortgage loans on real estate, but does not make the loans themselves.

6. Section 494.001(30), Florida Statutes, defines a "principal loan originator" as the
   licensed loan originator in charge of, and responsible for, the operation of a mortgage lender or mortgage broker, including all of the activities of the mortgage lender's or mortgage broker's loan originators, in-house loan processors, and branch managers, whether employees or independent contractors.

7. The Nationwide Multistate Licensing System and/or Registry ('"NMLS") is the
   mortgage licensing system and data repository of record which is statutorily mandated to be used by the Office to manage the licensing of all mortgage loan originators and mortgage entities in Florida. See section 494.001(33), Florida Statutes.

8. At all times material, J JAX MORTGAGE CORP is and has been licensed with
   the Office as a mortgage broker (License number MBR2753) since August 7, 2018.

9. At all material times, LOUIS JULMIS, JR., is and has been the President of
   J J A X MORTGAGE CORP. As such, he is responsible for the daily operations of J J AX MORTGAGE CORP, pursuant to section 494.001(30), Florida Statutes.

10. As part of its most recent examination (Examination number 123257), the Office
    reviewed certain documents from Respondents to ascertain compliance with chapter 494. 2

11. Rule 69V-40. l 1 l (1 ), Florida Administrative Code, provides that the penalties,
    which are applicable to each ground for disciplinary action that may be imposed by the Office against a person for a violation of chapter 494, Florida Statutes, are set forth in the "Office of Financial Regulation, Division of Consumer Finance, Disciplinary Guidelines for Mortgage Loan Originators and Mortgage Entities, Form OFR-494-14."

12. Pursuant to Rule 69V-40.1 l 1(5), Florida Administrative Code, the range for a "B"
    level administrative fine is between $3,500.00 to $7,500.00 and a 10 to 20-day suspension. COUNTI

13. The above general allegations are hereby re-alleged and incorporated by reference
    as if fully stated herein.

14. Section 494.004(2), Florida Statutes, provides that a mortgage broker must submit
    a Mortgage Call Report to the Office on a quarterly basis via NMLS.

15. Pursuant to Rule 69V-40.l 76(3), Florida Administrative Code, mortgage brokers
    who are not approved Fannie Mae, Freddie Mac Sellers/Servicers, or Ginnie Mae Issuers are required to submit the Financial Condition component of the NMLS Mortgage Call Report ("MCR") within 45 days of the end of each calendar quarter.

16. Pursuant to Examination numbers 94526 and 97151, the Office previously found
    Respondents failed to submit MCRs within the required time frame. As a result, a Notice of Non-Compliance was issued on February 9, 2021, for late filed MCRs for the fourth quarter of 2018, all four quarters of 2019, and the first three quarters of 2020.

17. During Examination number 123257, the Office found that Respondents, who are
    not approved as Fannie Mae, Freddie Mac Seller/Servicer or Ginnie Mae Issuers, once again failed to timely submit their MCRs, as required by Rule 69V-40.l 76, Florida Administrative 3

Code, in violation of section 494.004(2), Florida Statutes. The MCR for the fourth quarter of 2023, ending on December 31, 2023, which was due on February 14, 2024, was not filed until March 20, 2024, 35 days late.
18. Additionally, the MCR for the first quarter of 2024, ending on March 31, 2024,
which was due on May 15, 2024, was not filed until July 2, 2024, 48 days late. The MCR for the second quarter of 2024, ending on June 30, 2024, which was due on August 14, 2024, has not been filed as of the date of this complaint. The MCR for the third quarter of 2024, ending on September 30, 2024, which was due on November 14, 2024, has not been filed as of the date of this complaint. The MCR for the fourth quarter of 2024, ending on December 31, 2024, which was due on February 14, 2025, has not been filed as of the date of this complaint.
19. By failing to timely submit its fourth quarter 2023 MCR, first quarter 2024
MCR, and not submitting its second, third, and fourth quarter 2024 MCRs, Respondents violated Rule 69V-40.l 76(3), Florida Administrative Code, and thereby section 494.004(2), Florida Statutes.
20. Pursuant to the Disciplinary Guidelines for Mortgage Loan Originators and
Mortgage Entities Form OFR-494-14, incorporated by reference in Rule 69V-40.111, Florida Administrative Code, violation number 65, a licensee cited for a violation of section 494.004(2), Florida Statutes, is subject to a "B" level administrative fine.
21. Therefore, the Office is seeking to impose a $3,500.00 administrative fine.
WHEREFORE, Respondents, J JAX MORTGAGE CORP and LOUIS JULMIS, JR., are hereby notified that the Office intends to enter an Order imposing an administrative fine of $3,500.00. 4

NOTICE OF RIGHTS
The licensee is entitled to be represented by counsel or another qualified representative. The licensee also has the right to request a hearing pursuant to sections 120.569 and 120.57, Florida Statutes. Such request must comply with Rules 28-106.2015 and 28-106.104, Florida Administrative Code. An Election of Proceeding form is attached for your convenience. Any such request must be filed as follows:
By Mail, Facsimile or Email
Agency Clerk
Office of Financial Regulation
Office of General Counsel
P.O. Box 8050
Tallahassee, FL 32314-8050
Phone: (850) 410-9889
Fax: (850) 410-9663
Email: Agency.Clerk@flofr.gov
OR By Hand Delivery
Agency Clerk
Office of Financial Regulation
Office of General Counsel
The Fletcher Building
101 East Gaines Street
Tallahassee, FL 32399
Phone: (850) 410-9889
TO PRESERVE THE RIGHT TO A HEARING, A WRITTEN RESPONSE MUST BE FILED WITH THE OFFICE OF FINANCIAL REGULATION WITHIN TWENTY￾ONE (21) DAYS AFTER THE RECEIPT OF THE ADMINISTRATIVE COMPLAINT. SAID RESPONSE MUST BE RECEIVED BY THE OFFICE NO LATER THAN 5:00 P.M. ON THE TWENTY-FIRST DAY AFTER THE RECEIPT OF THE ADMINISTRATIVE COMPLAINT. A FAILURE TO TIMELY RESPOND IN WRITING WILL CONSTITUTE A WAIVER OF THE LICENSEE'S RIGHT TO REQUEST A HEARING AND A FINAL ORDER MAY BE ENTERED WITHOUT FURTHER NOTICE. You may not make an oral request for an administrative hearing. With regard to a written request, if you fail to follow the outlined procedure, your request may be dismissed. Any request for an administrative proceeding received prior to the date of this notice is deemed abandoned and to be considered, must be timely renewed in compliance with the procedure set forth above. Mediation of this matter pursuant to section 120.573, Florida Statutes, is not available. 5

NOTICE TO RESPONDENTS
In accordance with the Americans with Disabilities Act, persons with disabilities needing special accommodation to participate in this proceeding should contact the Agency Clerk no later than seven (7) days prior to the filing deadline or proceeding, at the Office of Financial Regulation, The Fletcher Building, 200 E. Gaines Street, Tallahassee, Florida 32399, Phone: (850) 410-9889, or by Email: Agency.Clerk@flofr.gov. By:r!k~ Damaris E. Reynolds Assistant General Counsel Office of Financial Regulation Office of General Counsel Fla. Bar No. 0037176 200 E Gaines Street Tallahassee, FL 32399-0370 Tel: 850-410-9830 Email: Damaris.Reynolds@flofr.gov CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing Administrative Complaint has been sent for service via email to: ljulmis@jjaxmortgage.com and via U.S. Certified Mail to: J JAX MORTGAGE CORP AND LOUIS JULMIS, JR., 13737 NW 22ND PLACE, SUNRISE, FL 33322 on this 13th day of March, 2026. 6 Damaris E. Reynolds Assistant General Counsel Office of Financial Regulation

~ UNITEDST/J.TES
~ POST/J.L SERVICE
Exhibit B
March 23, 2026
Dear Amber Hopkins:
The following is in response to your request for proof of delivery on your item with the tracking number:
9489 0090 0027 6620 8136 68.
Item Details
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Location:
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Delivered, Left with Individual
March 19, 2026, 11 :55 am
FORT LAUDERDALE, FL 33323
First-Class Mail®
Certified Mail™
Return Receipt Electronic
6Ib, 7.7oz
13737 NW 22ND PL, SUNRISE,
FL33323
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