Section 36a-145 of the 2010 Supplement to the 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	Check Casher	Location	Activity
2/08/11	Multitransfers, LLC	213 White Street Danbury, CT  06810	filed

On January 25, 2011, the Commissioner issued an Order Revoking and Refusing to Renew Mortgage Broker License and Order to Cease and Desist (“Order”) in the Matter of:  Action Mortgage Corp. (“Respondent”).  The Order revokes Respondent’s license to act as a mortgage broker in Connecticut; refuses to renew Respondent’s license to act as a mortgage broker in Connecticut, which causes such license to be deemed expired; and orders Respondent to cease and deist from violating Sections 36a 490(c)(2) and 36a-490(c)(3) of the 2010 Supplement to the General Statutes.

On January 25, 2011, the Commissioner issued an Order Revoking Mortgage Broker License, Order to Cease and Desist and Order Imposing Civil Penalty (“Order”) in the Matter of:  Candor Mortgage Corporation (“Respondent”).  The Order revokes Respondent’s license to act as a mortgage broker in Connecticut from 100 Round Hill Road, Kennett Square, Pennsylvania; orders Respondent to cease and desist from violating Section 36a-492 of the 2010 Supplement to the General Statutes and imposes a civil penalty of $2,500 against Respondent.

On January 25, 2011, the Commissioner issued an Order to Cease and Desist and Order Imposing Civil Penalty in the Matter of:  Revenue Management Service, Inc.  (“Respondent”).  The Order orders Respondent to cease and desist from violating Section 36a-801(a) of the 2010 Supplement to the General Statutes and Section 36a-17(d) of the Connecticut General Statutes, and imposes a civil penalty of $13,000 against Respondent.

On January 26, 2011, the Commissioner entered into a Settlement Agreement with Americay Mortgage Corporation (“Americay Mortgage”).  The Settlement Agreement was based on an examination by the Consumer Credit Division.  As a result of such examination, the Commissioner alleged that Americay Mortgage employed or retained, during the period of January 15, 2008 through November 10, 2009, one (1) individual as an originator or mortgage loan originator without registering or licensing such individual, in violation of Sections 36a 486(b) and 36a-511(b) of the then applicable Connecticut General Statutes.  As part of the Settlement Agreement, Americay Mortgage agreed to pay $1,000 as a civil penalty.

The Consent Order acknowledged that 1) Grosvenor Partners, Ltd. had provided documentation to the Division evidencing its financial inability to pay the fine that otherwise would have been assessed against it; and 2) to facilitate the informal resolution of the matter, Frank J. Avellino had consented to the entry of certain sanctions against him.  Without admitting or denying that it had violated Sections 36b-16 and 36b-4(a) of the Connecticut Uniform Securities Act, Grosvenor Partners, Ltd. consented to be barred for ten years from transacting business in or from Connecticut as a broker-dealer or investment adviser.  The Consent Order also directed Grosvenor Partners, Ltd. to cease and desist from regulatory violations.  In addition, the Consent Order barred Frank J. Avellino from seeking Connecticut registration as a broker-dealer, agent, investment adviser or investment adviser agent for five years.

       Dated:  Tuesday, February 15, 2011