Regulatory Alerts2010-04-23
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News Bulletin 2409 - April 23, 2010
The Connecticut Department of Banking issued enforcement actions against Millennium Mortgage Company, including a temporary cease and desist order and intent to revoke its license for failing to maintain a required surety bond. Additionally, the Commissioner entered into a settlement agreement with Prospect Mortgage Company, LLC, which agreed to pay a $33,000 civil penalty for employing unregistered mortgage originators and operating a loan location without a proper license.
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