The Georgia Department of Banking and Finance issued two Cease and Desist Orders to Lenox Investment Group, Inc., and Brian Graham. These orders have become final.
These Cease and Desist Orders were issued by the Department after it obtained evidence that Lenox Investment Group, Inc., and Brian Graham, engaged in mortgage brokerage/lending activities without a license or under an applicable exemption. Both are located at 2221 Peachtree Street, Suite 132D, Atlanta, Georgia.
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.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.