Final Decision and Order

Francisco J. Martins
NMLS # 221132
Order No. OCF24-22, December 12, 2024. Respondent knowingly provided false and misleading information in support of an insurance claim. Penalty: $8,500.

Second Extension Order

GEM Auto Sales, LLC
Reference # 1000258 
Order No. OCF24-23, December 19, 2024. Consent for second extension of time before rendering a Final Decision. 

First Extension Order

GEM Auto Sales, LLC
Reference # 1000258 
Order No. OCF24-19, November 4, 2024. Initial Order for extension of time before issuance of Final Order.

Final Decision and Order

Antonio Ambrosio
NMLS # 134626
Order No. OCF24-20, November 15, 2024. Respondent was found in violation of the issues set forth in OCF22-15, including operating as an unlicensed mortgage loan originator, seller’s agent, and owner. Penalty: $40,000.  

Consent Order

Shiv Krupa Cash Services, LLC – New York, NY
Biren Patel – New York, NY
Reference # 1200073-C08
Order No. OCF24-21, November 27, 2024. Respondents were found to have overcharged check cashing customers and failed to refund all customers. Penalty: $25,000. 

Secord Extension Order

Antonio Ambrosio
Order No. OCF24-16, October 8, 2024. Consent for second extension of time before rendering a Final Decision.

Consent Order

RT Solo 401K Trust - Merion Station, PA
Richard Titlebaum - Merion Station, PA
Order No. OCF24-17, October 23, 2024. Respondent was acting without proper licensure as a residential mortgage lender. It was also determined that Respondent engaged in unfair/deceptive practices. Penalty: $20,000.

Order of Extension

Francisco J. Martins
NMLS # 221132
Order No. OCF24-18, October 28, 2024. Respondent was granted an extension by the Commissioner on the ruling of the violations set forth in OCF22-09.

Order to Show Cause

Recovco Mortgage Management, LLC - Irving, TX
NMLS # 1200721
Order No. OCF24-15, August 26, 2024. Respondent is alleged to have failed to fund the mortgages of four New Jersey borrowers, on time or at all, in violation of the Residential Mortgage Lending Act.

Orders to Show Cause

Galeria Paredes Group, Inc. - Dunellen, NJ
Reference # 19-019968
Order No. OCF24-11, July 31, 2024. Respondent is alleged to have violated several provisions of the Check Cashers Regulatory Act.

Home Fidelity Group, Inc. - Toms River, NJ
Thomas M. Rittweger - Toms River, NJ
Order No. OCF24-12, July 31, 2024. Respondent is alleged to have engaged in foreclosure consultant services in New Jersey without a license.

Diamond Money Order Company, LLC d/b/a
DMC Money Order Company - Levittown, PA
Reference # 1300494
Order No. OCF24-13, July 31, 2024. Respondent, while licensed as a money transmitter, is alleged to have suspended its payment obligations and failed to satisfy outstanding money orders that it previously sold to New Jersey consumers.

Final Order

JDN AA, LLC d/b/a Audi Newton - Newark, NJ
Reference # 1000204-C01
Order No. OCF24-14, July 31, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $9,000.

Consent Orders

Western Sky Financial, LLC;
Martin A. Webb (Deceased);
Cashcall, Inc.;
WS Funding, LLC;
Delbert Services Corporation; and
J. Paul Reddam
Reference # N/A
Order No. OCF24-02, June 11, 2024. Respondents were found to have violated New Jersey civil and criminal usury laws and to have engaged in business as a consumer lender or sales finance company without proper licensure. Penalty: $450,000.

James Kim, Jr. - Wood-Ridge, NJ
NMLS # 1183881
Order No. OCF24-03, June 11, 2024. Respondent, in his capacity as a mortgage loan originator, was found to have defrauded consumers by assessing illegitimate mortgage origination fees and used said fees for personal use and benefit.  Penalty: $150,000.

B & M Auto Mall, Inc. - Clifton, NJ
Reference # 1602280
Order No. OCF24-04, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $1,000.

Din Motors, LLC - Passaic, NJ
Reference # 1501491
Order No. OCF24-05, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $4,000.

Auto Headquarters, Inc. - Lakewood, NJ
Reference # 0634359
Order No. OCF24-06, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $5,000.

Park Avenue Auto Lots, Inc. - Linden, NJ
Reference # 9401301
Order No. OCF24-07, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $10,000.

Xclusive Auto Sales and Leasing, Inc. - Keyport, NJ
Reference # 1501489
Order No. OCF24-08, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $2,000.

M A B Cars, Inc. – Little Ferry, NJ
Reference # 1502033
Order No. OCF24-10, June 20, 2024. Respondent engaged in the business of a New Jersey motor vehicle installment seller without a license. Penalty: $1,000.