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Home > Banking Division > Alert for Mortgage Brokers
Mortgage Broker Alert: Dana Capital Group, Inc.
Update - May 2007 It has come to the attention of the Department that Dana Capital Group, Inc. closed its doors and ceased operations on or about April 30, 2007.

You are advised not to accept or process any applications on behalf of Dana Capital Group, Inc.
 

On April 18, 2007, the New Jersey Department of Banking and Insurance issued legal documents ordering Dana Capital Group, Inc. to stop doing business in the state through unlicensed branch offices and unregistered mortgage solicitors. It ordered refunds of fees illegally charged to consumers and also took the initial step toward revoking the company's mortgage lender licenses based on such violations.

To contact Dana Capital, call 1-800-588-5535.

If you experience problems closing a loan for Dana Capital, you may call:
John Pavlovsky, Field Manager, NJDOBI, 609-292-7272, ext. 50553
Contact
Dana Capital Group
1-800-588-5535

Web site

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Contact NJDOBI
John Pavlovsky,
Field Manager
609-292-7272, ext. 50553

For questions regarding the Department's Order
Contact Leona Joyner
Chief of Investigations - Enforcement
609-292-7272, ext. 50239

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New Jersey Department of Banking and Insurance