Last month the State of Georgia served Sun West Mortgage Company a cease and desist letter, banning the mortgage company from continuing to provide jobs for its nine convicted felon employees.
“Georgia mortgage brokers and mortgage lenders are prohibited from employing convicted felons,” the letter explains. “No person employed by or directing the affairs of any licensee may be a convicted felon and … it is the licensee’s responsibility to ensure compliance. Failure to comply is a revocable offense and subjects the licensee to a fine of $5,000 per felon.”
Just a week prior, the state had sent a similar letter to Hometown Lenders, which operates out of Huntsville, Alabama.
Image via flickr/Keith Allison
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