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| Home > Banking Division
> Enforcement Activity |
2026 Office of Consumer Finance Licensee Enforcement |
| January > February > March > May > June > July |
| July |
Consent Order
Envios De Valores La Nacional Corp. d/b/a La Nacional – Miami, FL
Reference # 0627414
Order No. OCF26-13, July 31, 2026. Respondent violated several provisions of the New Jersey Money Transmitters Act. Penalty: $75,000. |
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| June |
Consent Order
Success Mortgage Partners, Inc. – Plymouth, MI
NMLS # 130562
Order No. OCF26-09, June 12, 2026. Respondent failed to timely file its mortgage servicer registration annual report for operating year 2024. Penalty: $5,000.
Final Decision and Order
Walter C. Keyser – Cherry Hill, NJ
NMLS # 171992
Order No. OCF26-10, June 29, 2026. Petitioner’s appeal to the Department’s decision to deny him a New Jersey mortgage loan originator license was denied.
Orders to Show Cause
Emin Jasmen Vartanian – Sunland, CA
NMLS # 1073213
Order No. OCF26-11, June 30, 2026. Respondent is alleged to have falsified his continuing education requirements on his application for a New Jersey mortgage loan originator license.
Sprout Mortgage, LLC – Port Saint Lucie, FL
NMLS # 1844521
Order No. OCF26-12, June 30, 2026. Respondent is alleged to have violated several provisions of the New Jersey Residential Mortgage Lending Act. |
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| May |
Consent Order
John Palladino – Aberdeen, NJ
NMLS # 359934
Order No. OCF26-08, May 22, 2026. Respondent engaged in residential mortgage fraud and failed to notify the Department of his conviction. Penalty: $10,000, revocation of New Jersey Mortgage Loan Origination license, and permanent bar from acting as a residential mortgage lender, residential mortgage broker, or mortgage loan originator, or a stockholder, an officer, director, partner or other owner, or any employee of a licensee. |
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| March |
Consent Order
American Finance House LARIBA – Whittier, CA
NMLS # 3280
Order No. OCF26-07, March 10, 2026. Respondent charged unauthorized processing and commitment fees to New Jersey consumers. Penalty: $3,500. |
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| February |
Order to Show Cause
John J. Palladino – Middletown, NJ
NMLS # 359934
Order No. OCF26-06, February 17, 2026. Respondent is alleged to have been indicted and pled guilty to residential mortgage fraud and failed to have notified the Department. |
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| January |
Final Orders
Diamond Money Order Company, LLC d/b/a DMC Money Order Company – Levittown, PA
Reference # 1300494
Order No. OCF26-01, January 20, 2026. Respondent failed to fund 234 money orders sold to New Jersey consumers. Respondent’s license was revoked. Penalty: $1,170,000.
Home Fidelity Group Inc. – Toms River, NJ
Thomas M. Rittweger – Toms River, NJ
Reference # N/A
Order No. OCF26-02, January 20, 2026. Respondent engaged in the business of a mortgage foreclosure consultant without a license and overcharged several New Jersey consumers for services. Penalty: $290,000.
Galeria Paredes, Inc. - Dunellen, NJ
Reference # 9933316
Order No. OCF26-03, January 20, 2026. Respondent violated several provisions of the Check Cashers Regulatory Act. Respondent’s check cashing license was revoked. Penalty: $316,800.
Recovco Mortgage Management, LLC – Irving, TX
NMLS # 1200721
Order No. OCF26-04, January 20, 2026. Respondent failed to provide funding on four separate New Jersey residential mortgage loans. Respondent’s New Jersey residential mortgage lender license was revoked. Penalty: $100,000.
Order to Show Cause
Sigue Corporation – Sylmar, CA
Reference # 9926466
Order No. OCF26-05, January 20, 2026. Respondent is alleged to have failed to submit payments on 170 New Jersey money transmittal transactions and failed to fund 405 money orders purchased in New Jersey. |
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