On June 16, 2006, the Georgia Department of Banking and Finance’s decision to revoke the mortgage broker’s license of Universal Holdings Associates, LLC, license number 13849, formerly located at 102 Oglethorpe Professional Court, Suite 9, Savannah, Georgia 31406, became final.

This notice of intent to revoke license was issued by the Department after it obtained evidence that Universal Holdings Associates, LLC made false statements or misrepresented material facts to a lender, employed a convicted felon, failed to notify the Department of a change in ownership of the business within 30 days, made false statements or misrepresented material facts to the Department, and failed to properly maintain a loan transaction journal.

In conjunction with the issuance of this notice of intent to revoke, the Department issued cease and desist orders to Tanya Jackson and Keith Cole of Richmond Hill, Georgia. These cease and desist orders became final on June 14, 2006.