The Department of Banking News Bulletin 

Bulletin # 2764 - Week Ending February 10, 2017

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications.  Any observations you may have are solicited.  Any comments should be in writing to Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten days from the date of this bulletin.

CONSUMER CREDIT DIVISION ACTIVITY

Consent Orders

On January 26, 2017, the Commissioner entered into a  Consent Order with Hylan Debt Fund LLC – Portfolio Series 66 (NMLS # 1486487) (“Hylan Debt Fund”), Dover, Delaware.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged that Hylan Debt Fund acted within this state as a consumer collection agency without the requisite consumer collection agency license, in violation of Section 36a-801(a) of the 2016 Supplement to the General Statutes.  As part of the Consent Order, among other things, Hylan Debt Fund paid $15,000 as a civil penalty.

On February 2, 2017, the Commissioner entered into a Consent Order with Equity Prime Mortgage LLC d/b/a Equity Prime Mortgage f/k/a Equity Loans LLC (“Equity Prime”) (NMLS # 21116), Atlanta, Georgia.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged that Equity Prime failed to file with the Nationwide Multistate Licensing System and Registry a change of its name at least 30 calendar days prior to such change and, in connection with such name change, failed to provide a bond rider or endorsement, or addendum, as applicable, to the surety bond on file with the Commissioner, in violation of Section 36a-490(b) of the Connecticut General Statutes.  As part of the Consent Order, Equity Prime paid $500 as a civil penalty.

Dated: Wednesday, February 15, 2017


Jorge L. Perez
Banking Commissioner