Pennsylvania Banking and Securities Department Announces Quarterly Report on Public Enforcement Orders

HARRISBURG, Pa., April 4, 2014 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued nine public enforcement orders during the first quarter of 2014. Final orders included fines, assessments and repaid costs of $277,396.17, including:

• Six Consent Agreements and Orders and one Cease and Desist Order issued for unlicensed loan activity; and
• Two Consent Agreements and Orders issued for violations of the Pennsylvania Securities Act of 1972.

Additionally, one of the Consent Agreement and Orders resulted in the revocation of a mortgage broker license and the surrender of a mortgage originator license for violations of the Mortgage Licensing Act.

Comprehensive lists of public enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.state.pa.us. Consumers can make inquiries or file a complaint against any company or individual regulated or licensed by the Department of Banking and Securities online or by calling 1-800-PA-BANKS (800-722-2657).

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities