Final Order - Loan Originator

Index: OFR 2026 - 376
ST ATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
HAMZA MOHAMMED SHAUKAT, Case N um her: 137236
Petitioner.
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 HAMZA MOHAMMED SHAUKAT ("Petitioner"). FINDINGS OF FACT

1. On May 13, 2026, the Office issued a Notice oflntent to Deny Renewal Application
   for a Loan Originator License Pursuant to Chapter 494, Florida Statutes ("Notice of Intent to Deny") to Petitioner, with true and correct copies furnished via U.S. Certified Mail to Petitioner's place of employment: Power Home Loans LLC, which is owned solely by Petitioner, on June 18,
2. (Exhibit A)
3. The Notice of Intent to Deny had attached thereto a Notice of Rights, which fully
   advised Petitioner that he had twenty-one (21) days after the receipt of the Notice of Intent to Deny within which to petition the Office for an administrative hearing to contest the a11egations set forth in the Notice oflntent to Deny, in accordance with sections 120.569 and 120.57, Florida Statutes, including the following information:

YOUR FAIL URE TO RESPOND IN WRITING WITHIN
TWENTY-ONE (21) DAYS OF RECEIPT WILL CONSTITUTE A W AIYER OF YOUR RIGHT TO REQUEST A HEARING, AND A FINAL ORDER WILL BE ENTERED WITHOUT FURTHER NOTICE.
3. The Notice oflntent to Deny was served on June 23, 2026. (Exhibit B) As such, a
response was due no later than Tuesday, July 14, 2026.
4. To date, the Office has not received a written response or a request for hearing from
Petitioner, and/or a claim of equitable tolling.
5. The uncontested allegations in the Notice ofintent to Deny are hereby incorporated
by reference and adopted as Findings of Fact in this Final Order.
CONCLUSIONS OF LAW
6. The Office is responsible for the administration and enforcement of chapter 494,
Florida Statutes, and has jurisdiction over the subject matter pursuant to chapter 494, Florida Statutes.
7. The Findings of Fact that have been adopted herein serve as the basis of the entry
of this Final Order against Petitioner.
8. Section 120.569(2)(a), Florida Statutes, and Rule 28-106.111(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.
9. Pursuant to Rule 28-106.111 ( 4 ), Florida Administrative Code, the failure of
Petitioner to timely respond to the Notice of Intent to Deny constitutes a waiver of Petitioner's right to an administrative proceeding. 2

9. 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. Machules v. Dept. of Admin., 523 So.2d 1132 (Fla. 1988).
10. Without any evidence of equitable to1ling, 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).
11. The Notice oflntent to Deny was properly addressed and mailed to Petitioner at his
    place of business and employment and the.refore was received by Petitioner. See Brown v. G[Uen Indus., Inc., 281 So.2d 897,900 (Fla. 1973).
12. Because Petitioner failed to file a petition or any other document in response to the
    Notice of Intent to Deny, and/or failed to present a claim of equitable tolling, the waiver of the right to an administrative hearing by Petitioner is complete. See Patz at 80.
13. The legal conclusions that form the basis for denial as set forth in the Notice of
    Intent to Deny, being uncontested by Petitioner, are accepted as true and correct and are adopted by the Office as Conclusions of Law for purposes of this Final Order.
14. The waiver of a hearing by Petitioner, taken together with the Findings of Fact and
    Conclusions of Law adopted herein, constitute sufficient grounds to deny Petitioner's license application. Based on the foregoing Findings of Fact and Conclusions of Law, it is hereby ORDERED:
    A. Petitioner's Renewal application for a license as a Loan Originator pursuant to
    chapter 494, Florida Statutes, is hereby DENIED.
    3

DONE and ORDERED this ~ day of July, 2026, in Tallahassee, Leon County, Florida. 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 PROCEEDINGS 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. 4

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been sent for service to Hamza Shaukat via U.S. Mail at 925 E. Maple Road, Birmingham, MI 48009 ?_?/A and by electronic mail to moses@powerhl.com on this __ day of July, 2026. 5 ci Regulation 050 32314-8050 Email: Agency.Clerk@flofr.gov Tel: (850) 410-9889

Hamza Mohammed Shaukat
758 Hawkstone Court
Commissioner Russell C. Weigel, Ill
May 13, 2026
Oakland Township, Michigan 48363
VIA U.S. CERTIFIED MAIL
RE: Notice of Intent to Deny Renewal Application for a Loan Originator License Pursuant to chapter 494, Florida Statutes NMLS No.: 1644262 Transaction No.: 826737 OFR Case No.: 137236 EXHIBIT A NOTICE IS HEREBY GIVEN that pursuant to sections 494.0011, 494.00255, 494.00312, 494.00313, and 120.60, Florida Statutes, and Rule 69V-40.00112, Florida Administrative Code, the State of Florida, Office of Financial Regulation ("Office"), by this letter intends to deny Hamza Mohammed Shaukat's renewal application for Jicensure as a loan originator in the State of Florida. The reasons for the denial are as follows:
FINDINGS OF FACT

1. Hamza Mohammed Shaukat ("Shaukat" or "Applicant") has been licensed with the
   Office as loan originator, pursuant to chapter 494, Florida Statutes, having been issued license number LO126136.
2. On January 2, 2026, Shaukat submitted his request for renewal of his loan originator
   license through the end of the calendar year 2026.
3. On August 14, 2025, in Docket No. 25293535-FH, in the Sixth Circuit Court of
   Oakland County, State of Michigan, Applicant entered a plea ofNolo-Contendere to the misdemeanor crime ofLarceny-$200.00 or More But Less Than $1,000.00. CONCLUSIONS OF LAW
4. Section 494.0011, Florida Statutes, provides that the Office has jurisdiction over loan
   www.tlofr.gov
   200 East Gaines Street, Tallahassee, Florida 32399-0370 (850) 487-9687 • FAX (850) 410-9663

originators and is responsible for the administration and enforcement of the provisions of chapter 494, Florida Statutes.
5. Pursuant to section 494.0025(1), Florida Statutes, a person may not act as a loan
originator in this state unless licensed pursuant to part II, chapter 494, Florida Statutes.
6. Section 494.00 J (J 8), Florida Statutes, defines a "loan originator" as an individual who,
directly or indirectly, solicits or offers to solicit a mortgage loan, accepts, or offers to accept an application for a mortgage loan, negotiates or offers to negotiate the terms or conditions of a new or existing mortgage loan on behalf of a borrower or lender, or negotiates or offers to negotiate the sale of an existing mortgage loan to a noninstitutional investor for compensation or gain.
7. Pursuant to section 494.00313(2), Florida Statutes, the Office may not renew a loan
originator license unless the loan originator continues to meet the minimum requirements for initial licensure pursuant to section 494.00312, Florida Statutes.
8. Pursuant to section 494.00312(4)(a), Florida Statutes, it is grounds for denial of
licensure if an applicant has committed any violation specified in chapter 494, Florida Statutes.
9. The Office may deny a license to an applicant who was convicted of or entered a plea
of guilty or nolo contendere to, regardless of adjudication, any felony or any crime involving fraud, dishonesty, breach of trust, money laundering, or an act of moral turpitude. Sections 494.00255(1)0) and (2)(d), Florida Statutes.
10. Pursuant to Rule 69V-40.00112(]), Florida Administrative Code, as part of the
application review process, the Office is required to consider an applicant's law enforcement records when deciding whether to approve an application for licensure as a loan originator.
11. Rule 69V-40.00112(2), Florida Administrative Code, provides relevant part(s) as
follows:
(a) The Office makes a general classification of crimes into four classes: A, B, C, and Das listed in subsections (13), (14), (15) and (16) of this rule. (b) These classifications reflect the Office's evaluation of various crimes in terms of moral turpitude and the seriousness of the crime as such factors relate to the prospective threat to public welfare typically posed by a person who would commit such a crime.
12. Pursuant to Rule 69V-40.00112(16), Florida Administrative Code, Class "D" crimes
include any misdemeanor that involves fraud, dishonesty, or any other act of moral turpitude. 2

13. Pursuant to Ru]e 69V-40.00112(3)(d), Florida Administrative Code, an applicant
    whose law enforcement record includes a class "D" crime wil1 not be granted a Jicense until 5 years have passed since the trigger date.
14. Pursuant to Ru]e 69V-40.00112(2)(d), Florida Administrative Code, for purposes of
    this ruJe, "trigger date" means the date on which an applicant was found guilty, or pied guilty, or pied nolo contendere to a crime.
15. Chapter 750 of the Michigan Penal Code provides:
    750.356. Larceny; property; penalties; value of property stolen; enhanced sentence
    (4) If any of the following apply, the person is guilty of a misdemeanor punishable by imprisonment for not more than 1 year or a fine of not more than $2,000.00 or 3 times the value of the property stolen, whichever is greater, or both imprisonment and a fine:
    (a) The property stolen has a value of$200.00 or more but Jess than $1,000.00.
16. In Florida, theft crimes are crimes invo]ving dishonesty. State v. Page, 449 So. 2d
    813, 815-16 (FJa. 1984).
17. Applicant's misdemeanor crime of Larceny - $200.00 or More But Less Than
    $1,000.00 is a crime involving dishonesty and is, therefore, classified as a Class "D" crime.
18. Because AppJicant pied Nolo-Contendere to a Class "D" crime, he is subject to a
    period of disqualification for licensure and therefore, grounds exist to deny Applicant's appJication pursuant to section 494.00255, F]orida Statutes, and Rule 69V-40.00I 12, Florida Administrative Code.
19. Because Applicant is subject to denial of licensure pursuant to section 494.00255,
    Florida Statutes, and Rule 69V-40.00112, Florida Administrative Code, he does not meet the minimum requirements for initial licensure and, therefore, grounds exist to deny Shaukat's renewal application pursuant to sections 494.00312 and 494.00313, Florida Statutes. The facts stated herein are grounds for denial of Hamza Mohammed Shaukat' s license renewal application based on the above enumerated provisions of chapter 494, Florida Statutes, and the related Florida Administrative Code rules. Accordingly, by this letter the Office of Financial Regulation hereby notifies Hamza Mohammed Shaukat of its intent to deny his renewal application for licensure as a loan originator. 3

NOTICE OF RIGHTS
Please be advised that pursuant to Sections 120.569 and 120.57, Florida Statutes, you may request a hearing to contest this action by the Office. Requests for such a hearing must comply with the provisions of Rule 28-106. I 04(2), Florida Administrative Code, Rule 28-106.20 I, Florida Administrative Code, or Rule 28-106.301, Florida Administrative Code, and must be filed with:
By Mail or E-mail
Agency Clerk
Office of Financial Regulation
P.O. Box 8050
Tallahassee, Florida 32314-8050
Phone: (850) 410-9889
Email: Agency .Clerk@flofr.gov
OR
By Hand Delivel)
Agency Clerk
Office of Financial Regulation
Genera] Counsel's Office
The Fletcher Building
101 East Gaines Street, Suite 504
Tallahassee, Florida 32399
Phone: (850) 410-9889
Your request must be filed within twenty-one (21) days of the date of receipt of this Notice of Intent to Deny. At anv time prior to the expiration of the 21 da vs. vou may withdraw your application for a loan originator license throu!!h the Nationwide Multistate Licensin!! Svstem and/or the REAL System by notifvine the Office in writing. Submit vour written withdrawal notice to Maria A. Guitian. Assistant General Counsel. P.O. Box 8050, Tallahassee. Florida 32314-8050. or to Maria.Guitian1a1flofr.l!ov. In the event that vou withdraw your application. no license will be issued. YOUR FAILURE TO RESPOND TO THIS NOTICE OF INTENT TO DENY WITHIN TWENTY-ONE (21) DAYS OF RECEIPT WILL CONSTITUTE A WAIVER OF YOUR RIGHf TO REQUEST A HEARING, AND A FINAL ORDER WILL BE ENTERED WITHOUT FURTHER NOTICE. If you request a hearing, you will have the right to be represented by counsel or other qualified representative; to offer testimony, either written or oral; to call and cross-examine witnesses; and to have subpoenas and subpoenas duces tecurn issued on your behalf. Pursuant to
Section 120.573, Florida Statutes, mediation is not available.
4

NOTICE TO APPLICANTS
In accordance with the Americans with Disabilities Act, persons with disabilities needing a 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, 101 East Gaines Street, Suite 504, Ta11ahassee, Florida 32399-0379, Phone:
(850) 410-9889, or by Email: Agency.Clerk@flofr.gov.
If you have any questions regarding any of the matters discussed in this letter, please contact Maria A. Guitian, Office of Financial Regulation, at (305) 536-0341 . Sincerely, Gregory C. Oaks, Director Division of Consumer Finance CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing has been furnished to Hamza Mohammed Shaukat, via electronic-mail transmittal to moses@powerhl.com and by U.S. Certified Mail at: 758 Hawkstone Court, Oakland Township, Michigan 48363 on this 13th day of May, 2026. tnfJJJ4.J a. 11,,;tt.'4) Maria A. Guitian Assistant General Counsel Office of Financial Regulation Office of General Counsel Fla. Bar No. 813966 200 E. Gaines Street Tallahassee, FL 32399-0370 Tel: (305) 536-0341 Email:Maria.Guitian@flofr.gov 5

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing has been furnished to Hamza Mohammed Shaukat, via by U.S. Certified Mail at: Hamza Shaukat 925 E. Map]e Road, Birmingham, MI 48009 and 758 Hawkstone Court, Oakland Township, Michigan 48363 on this 18 day of June, 2026. --tnoi./A, (l. 11,,;tr., Maria A. Giiitian Assistant General Counsel Office of Financial Regulation Office of General Counsel Fla. Bar No. 813966 200 E. Gaines Street Tallahassee, FL 32399·0370 Tel: (305) 536·0341 Email: Maria.Guitian@flofr.gov

Case No: 137236
Hamza Mohammed Shaukat
758 Hawkstone Court
Oakland Township, Michigan 48363
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
ELECTION OF PROCEEDING
I have received and read the Notice of Intent to Deny, including the Notice of Rights, filed by the Office of Financial Regulation ("Office") regarding the above-referenced applicant, and I am requesting disposition as indicated below. PLEASE SELECT ONLY ONE OF THE OPTIONS:
OPTION #1: D I would like to withdraw my application.
OPTION #2: D I do not request a hearing in this matter. I do not dispute any of the Office's factual allegations and application of the law as stated in the Notice of Intent to Deny. I understand that upon my waiving the right to a hearing, the Office may enter a final order denying licensure as set forth in the Notice of Intent to Deny. OPTION #3: D Ism mz1 dispute any of the Office's factual allegations but~ the Office's conclusions of law to those factual allegations, and request disposition of this matter by informal hearing pursuant to section 120.57(2), Florida Statutes. I request to (CHECK ONLY ONE OF THE FOLLOWING 2 OPTIONS):
a. D Attend a hearing by video teleconference before a Hearing Officer appointed by the Office; OR b. D Submit a written statement with supporting documentation to a Hearing Officer appointed by the Office. OPTION #4: D I do dispute one or more of the Office's factual allegations. I request a hearing before the Division of Administrative Hearings (DOAH) pursuant to section 120.57(1), Florida Statutes. In accordance with Rule 28-106.201(2)(d), FAC, I am attaching a copy of the material facts that I dispute. TO PRESERVE YOUR RIGHT TO A HEARING, A RESPONSE MUST BE FILED WITH THE OFFICE OF FINANCIAL REGULATION AGENCY CLERK NO LATER THAN 5:00 P.M. ON OR BEFORE THE TWENTY-FIRST DAY AFTER RECEIPT OF THE NOTICE OF INTENT TO DENY, AS FOLLOWS:
l. By email: Agency.Clerk@flofr.gov; or
2. By U.S. Mail: P.O. Box 8050, Tallahassee, Florida 32314-8050; or
3. By hand delivery: Office of General Counsel, Suite 504, Fletcher Bldg., 101 E. Gaines Street, Tallahassee, FL 32399.
Signature of Applicant or Mailing Address
Authorized Representative of Applicant
Printed Name & ntle City State Zip
Date E-mail Address Telephone Number
Form: OFR-GC-14 (rev. 1/28/2026)
Page 1 of 2

Case No: 137236
Hamza Mohammed Shaukat
758 Hawkstone Court
Oakland Township, Michigan 48363
ST A TE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
**YOU ARE TO COMPLETE THE FOLLOWING ONLY IF YOU HAVE CHECKED OPTION #4 ON THE PRECEDING PAGE. If you need more space, you may provide additional pages. As the applicant or the authorized representative of the applicant, I am disputing the following material facts:
Signature of Applicant or Authorized Representative Date Form: OFR-GC-14 (rev.1/28/2026)
Page 2 of 2

EXHIBITB
~ UNITED ST/1TES
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July 01, 2026
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