STATE BANK ACTIVITY
Branch Activity

Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided.  Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.

Date	Bank	Location	Activity
7/12/10	Torrington Savings Bank Torrington	FROM: 59 Torrington Road, Route 4           Goshen, CT  06756 TO:     55 Sharon Turnpike, Route 4           Goshen, CT  06756	relocation opening date
7/26/10	The Bank of New Canaan New Canaan	612 Bedford Street Stamford, CT  06902	opening date

CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity

Date	Check Casher	Location	Activity
7/07/10	Check Stop of Hartford LLC d/b/a Check Stop	5 Iron Gate Lane Cromwell, CT  06416	filed
7/07/10	Check Stop of Hartford LLC d/b/a Check Stop	518 Park Street Hartford, CT  06106	filed
7/07/10	Check Stop of Hartford LLC d/b/a Check Stop	736-738A Main Street Willimantic, CT  06226	filed
7/07/10	Check Stop of Hartford LLC d/b/a Check Stop	190 Farmington Avenue Hartford, CT  06105	filed
7/14/10	L & L Multiservices LLC	564 West Main Street New Britain, CT  06053	filed

On May 26, 2010, the Commissioner entered into a Settlement Agreement with United Northern Mortgage Bankers Limited (“United Northern Mortgage”).  The Settlement Agreement was based on an examination by the Consumer Credit Division.  As a result of such examination, the Commissioner alleged that United Northern Mortgage, during the period of August 2, 2008 through May 14, 2009, employed or retained one (1) individual as a mortgage loan originator without licensing such individual, in violation of Section 36a 486(b) of the Connecticut General Statutes.  As part of the Settlement Agreement, United Northern Mortgage agreed to pay $1,000 as a civil penalty.  A copy of the Settlement Agreement can be obtained from the Department’s website.

On June 30, the Commissioner entered into a Settlement Agreement with Visual Credit Counseling, Inc. (“Visual Credit’’).  The Settlement Agreement was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged in a Notice of Automatic Suspension, Notice of Intent to Revoke Consumer Collection Agency License and Notice of Right to Hearing issued against Visual Credit on February 20, 2009, that Visual Credit failed to maintain a surety bond that ran concurrent with the period its license to act as a consumer collection agency in Connecticut from 1870 West Prince Road, #39, Tucson, Arizona, in violation of Section 36a-802(a) of the Connecticut General Statutes.  Since Visual Credit was actually licensed as a debt adjuster, as part of the Settlement Agreement, Visual Credit surrendered its debt adjuster license and ceased engaging in the business of a debt adjuster in Connecticut from 1870 West Prince Road, #39, Tucson, Arizona.  A copy of the Settlement Agreement can be obtained from the Department’s website.

On June 30, 2010, the Commissioner entered into a Settlement Agreement with Northpoint Mortgage, Inc. (“Northpoint Mortgage”).  The Settlement Agreement was based on an examination by the Consumer Credit Division.  As a result of such examination, the Commissioner alleged that Northpoint Mortgage, during the period of August 4, 2008 through April 10, 2009, employed or retained four (4) individuals as mortgage loan originators without licensing them, in violation of Section 36a 486(b) of the Connecticut General Statutes.  As part of the Settlement Agreement, Northpoint Mortgage agreed to pay $4,000 as a civil penalty.  A copy of the Settlement Agreement can be obtained from the Department’s website.

On June 14, 2010, the Commissioner issued an Order Revoking and Refusing to Renew Mortgage Broker License and Order to Cease and Desist (“Order”) in the Matter of:  Best Deal Mortgage LLC d/b/a Best Deal Mortgage (“Respondent”).  The Order revokes and refuses to renew Respondent’s license to act as a mortgage broker in Connecticut from 454 East Main Street, Branford, Connecticut, and orders Respondent to cease and desist from violating Section 36a-492 of the 2010 Supplement to the General Statutes.  The Order was based on Respondent’s failure to maintain a surety bond.  A copy of the Order can be obtained from the Department’s website.

On June 28, 2010, the Commissioner issued an Order Revoking Mortgage Loan Originator License (“Order”) in the Matter of:  Daniel Charles Allegrini (“Respondent”).  The Order revokes Respondent’s license to act as a mortgage loan originator in Connecticut.  The Order was based on Respondent’s failure to promptly notify the Commissioner of certain administrative actions, in violation of Section 36a-490(d) of the Connecticut General Statutes, as amended by Public Act 09-209, and that findings made in administrative actions for violations of the Connecticut Uniform Securities Act conclude that Respondent failed to demonstrate character and general fitness so as to command the confidence of the community and to warrant a determination that Respondent will operate honestly, fairly and efficiently within the purpose of Sections 36a-485 to 36a-498c, inclusive, as amended, Sections 36a-534a and 36a-534b, as amended, and Sections 9 and 19 to 21, inclusive, of Public Act 09-209.  A copy of the Order can be obtained from the Department’s website.

On July 15, 2010, the Banking Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing against Joel Torres of 149-27 84th Street, Howard Beach, New York.  Respondent Torres previously maintained a residence at 256 Washington Boulevard, Unit 10, Stamford, Connecticut.  The action alleged that from at least June 8, 2009, respondent Torres violated Section 36b-16 of the Connecticut Uniform Securities Act by offering and selling unregistered promissory notes.  The action also alleged that respondent Torres violated the antifraud provisions in Section 36b-4(a) of the Act by failing to disclose to investors the risks associated with the investment, background financial information on the respondent or factors relating to the respondent’s ability to meet the note obligations.  Joel Torres was afforded an opportunity to request a hearing on the Order to Cease and Desist and the Notice of Intent to Fine.

       Dated:  Tuesday, July 20, 2010