A Cease and Desist Order issued by the Georgia Department of Banking and Finance to Apex Financial Group, Inc., 801 W. Bloomingdale Avenue, Brandon, FL, became final. The Cease and Desist Order was issued by the Department after it obtained evidence that Apex Financial Group, Inc., 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.
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.