An Order to Cease and Desist issued to Phillip D. Cox, Jr., Atlanta, Georgia, by the Georgia Department of Banking and Finance became final.
This Order to Cease and Desist was issued by the Department after it obtained evidence that Phillip D. Cox, Jr. engaged in mortgage broker/lending activities without a license or under an applicable exception. Pursuant to Georgia law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker/lender activities.
