Regulatory Alerts2010-05-28
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News Bulletin 2414 - May 28, 2010
The Connecticut Department of Banking revokes and refuses to renew the mortgage correspondent lender license of Millenium Mortgage Company for failing to maintain a required surety bond. Additionally, the Department entered into a settlement agreement with Prospect Financial Services, LLC, imposing a $1,000 civil penalty for employing unregistered loan originators. The bulletin also lists branch activity notices for Farmington Bank and The Milford Bank, inviting public comment within ten days.
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